STOCK ANALYSTS

Stock analysts see choppy trading, then turnaround..

Some stock analysts peer through string of gloomy headlines to see market higher for the year.

Jobs are hard to come by, debt problems are hobbling several European countries and oil is spreading across the Gulf of Mexico. With news like that, it's hard to see how the stock market can pull out of its slump.

Many traders expect the market to keep falling, especially with no obvious catalysts to stop its six-week slide. But some pros predict that stocks will end the year higher.

Here's what could make the market stabilize and turn around:

1.) Traders should get an initial sense in the coming months of whether cost cuts by Europe's debt-strapped governments will, as many investors fear, slow the global economic rebound.

2.) They'll also get a better idea of what the financial overhaul bill being finalized in Congress will mean for bank profits.

3.) The market should have a sense of the economic fallout from the oil spill. And investors will be getting more economic numbers to determine whether the U.S. recovery is continuing.

4.) Still, a comeback won't be easy, as Friday's stock plunge showed. The Dow Jones industrials fell 323 points to a four-month low after the government's May jobs report missed expectations and more questions arose about Europe. The Dow is now down 11.4 percent from its 2010 peak of 11,205, which it reached April 26.

5.) That means it's back in a "correction," a drop of more than 10 percent from a recent high.

Many analysts predict that trading will remain choppy while investors wait for answers about the economy.