amex 5/8

ssn pre hit $2.25 ??? currently $2.29

A somewhat better than expected U.S. non-farms payroll report Friday was enough to turn stock futures positive.

But its effect is already beginning to fade somewhat as the overwhelming gloom over the global economy, Thursday?s market tumble, and Europe?s spreading debt crisis continues.

S&P futures ES1U briefly pointed as high as 1,220 before falling back.

Likewise with the Dow YM1U, which pointed above 11,500 immediately after the report, only to fall back to, 11,427.

-Tom Bemis

lets see what happens