Wall St has dramatically increased its expectations for  a new  round of quantitative easing  - U.S. Federal Reserve.

Sixty money managers, investment strategists, and professional economists responded to our “snap” CNBC Fed Survey just hours after Friday's jobs report from the government showed anemic growth in May.

58%  of them expect the Fed to launch a third round of quantitative easing in the next year.

That's up from just 33% of those responding to our survey six weeks ago, and it's the highest 'yes' reading we've seen since we started asking this question last July. they expect more Fed easing, 42 percent think the Fed will move at its June policymaking meeting. Another 47 percent believe the central bank will wait until its July gathering.

On average, the Wall Street pros expect the upcoming round of QE will total $451 billion.

http://www.cnbc.com/id/47673530

The S& P 500 and the Nasdaq traded mixed. The CBOE Volatility Index, widely considered the best gauge of fear in the market, gained above 27.   

All  2 major indexes plunged more than 2% each last Friday, while Dow wiped out all its gains for 2012.

Factory orders fell for the 3rd time in  4 mths, dropping 0.6% in April, according to Commerce Dept. Economists had expected orders rising 0.2%. The govt employment report last wk showed U.S. added just 69,000 new jobs in May, while unemployment increased to 8.2%, fueling speculation that the Federal Reserve may commence a new  round of quantitative easing.

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