Morning Stock Talk - Todd Leone isn't buying what the other analysts are selling

"The jobs number is going to be bad all year long. People are expecting bad job numbers. It's only going to get worse." Todd Leone, managing director at Cowen & Company, tells Andrew O'Day the slew of tough news on jobs is not a surprise and cannot be the sole source of blame for today's pullback. "What's going on is partly that the market had a 20 percent move up since the middle of November. It's coming off a little bit. It's healthy to come off a little bit."

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Dow Jones' MarketWatch Morning Stock Talk discusses the big stock movers, economic data and investment trends with Wall Street's top analysts, strategists and traders. Hear about what's driving the stock market from those in the know..