The Leuthold Group's Jim Paulsen believes investor angst over the coronavirus pandemic is overdone."Fear is on steroids," the firm's chief investment strategist told CNBC's "" on Wednesday. "In the past where you had high levels of fear, that was typically a very good time to buy the stock market."
"The Federal Reserve and the Treasury are scared, as well. So, they're devoting unprecedented, massive policy support for risk assets," said Paulsen. "The combination of massive policy support and high levels of fear tell me that asset prices are probably undervalued."the economy faces significant downside risks and uncertainty as the nation battles the virus., the economy does not have to fire on all cylinders for the market to stage a comeback.
"Should even a partial restart of the economy take place, the magnitude and diversity of current economic policies could be far more powerful in boosting economic growth and the stock market than appreciated," he wrote.
TradingNation As he and his pirate buddies wait till the value of their port gets near where is was then they dump and run. Do not believe anything WS pirates say, do your own tech analysis.
TradingNation This is the dumbest thing I have heard in 25 years of doing this. Sell stupidity $SPY $SPX $QQQ
TradingNation These shills only know the fraud generating from the retirement fund Ponzi scheme that enriched them while stealing from working people.
TradingNation There is no fear on steroids. There is fear. Then capitulation. Then suffering. Then the long road back.
TradingNation Dancing like he's on steroids.... Is Jim on steroids? He sure dancing like he is.
TradingNation fake news , SP500 down 1800 , Down jones 500 GO DOWN
TradingNation Expert bitcoin miner! Make 3500 weekly you don’t send money to anyone dm
TradingNation Fear will drive the stocks higher? That’s a new one.
TradingNation Has this guy ever been bearish?
TradingNation Have another drink Jim.
TradingNation What? We don’t have housing back to where it was? Does this guy have a clue at all? Fear on steroids. What an idiot.
TradingNation Fake news
TradingNation I agree... fear is a great reason to buy the stock market when it is 50% lower then current levels😂😂😂😊Now I think I have heard everything😂
TradingNation Wtf
TradingNation Weakest piece of opinion I’ve ever read. Dude sounds desperate. Please don’t redeem your shares!! Sounds like TrumpDepression ...
TradingNation This is a joke, yes?
TradingNation Hey Jim, did you see the Tulip Mania?
TradingNation Cool. This time is different bs.
TradingNation This is such a joke
TradingNation STFU 🤐
TradingNation The CIO of his firm said stocks will go down 32 percent last week. I guess their firm will be right, either way. Either Jim gets fired or Doug Ramsey.
TradingNation Wait...what?
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Source: CNBC - 🏆 12. / 72 Read more »
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