correctly predicted the stock market would sharply rebound"I think the odds favor all of the policy stimulus we've introduced: fiscal stimulus, policy stimulus, monetary growth, lower yields," he added. "It's been about six to nine months lag time, and I think it's going to start to improve economic reports.""If you pierce a fear bubble, do you have a big rally? And, I kind of think that's one of the contributing factors to the upside," said Paulsen.
Yet, he acknowledges the market is in a late-stage economic growth cycle. However, he isn't going into recession countdown mode like many of his Wall Street peers. "We've grown slowly close to the 2% stall speed we used to worry about the entire recovery. We're at full employment with 4% unemployment," Paulsen said. "We're in the longest recovery ever now in U.S. history. So there are certainly characteristics of being near the end. But character wise, I just don't see the overextended nature mainly because we've been so conservative.
TradingNation Says the PM who has to much beta exposure. Good luck, bud!
TradingNation the only bubble here is the one the federal reserve created - who will end up holding the potato 🥔?
TradingNation he wants your money NOW lol
TradingNation To me it is not a fear bubble but a trump is an idiot bubble. The anger and hate that trump promotes in this nation made it impossible for me and the market to remain faithful to logic. So I'm out.
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TradingNation Go ahead. Buy. You said the same thing in the fourth quarter of 2018. And the market lost 6% of its value in those 3 months. So I dare you. Lots more drops to come.
TradingNation Another clown in the Kudlow and Mnuchin , Navarro camp , I am surprised he can keep a straight face ..... another sponsor promotion fake and manipulating clowns all of them