Traders preparing for another wild Friday

It looks like tomorrow could very well be yet another episode of As the U.S. Economy Turns, as traders await the March 2009 jobs report, to be released by the U.S. Labor Department at 8:30 a.m. EDT.

Hopefully, it won't become another down-goes-the-Dow day, though analysts and economists haven't ruled it out. Nearly everyone in economics and public policy circles is preparing for another sobering report. Economists surveyed by Bloomberg News expect the March jobs report to show a loss of 650,000 jobs.

Since the recession started, the U.S. economy has lost more than 4.4 million jobs, including a staggering 1.9 million in the past three months.