Monday, November 23, 2009, 6:58AM ET - U.S. Markets open in 2 hours and 32 minutes.
That's very bullish from a contrarian standpoint, and Paulsen believes we are "very early" in the recovery for both the economy and the stock market.
"There will come a time when the recovery gets more mature and you're going to convert bears to bulls and we'll get buyers that will take this market still higher," he says.
How much higher?
It won't be a straight line and won't happen overnight, but Paulsen predicts both corporate profits and blue-chip averages will revisit all-time high levels before this cycle ends.
Editor's note: The accompanying video was taped prior to Friday's market rout. But given Paulsen's uber-bullish outlook, he'd probably view it as a buying opportunity.
The "wall of worry" is consistent with very high, very long, unabated unemployment. It's about the jobs picture stupid. Andrew Gross CEO Automotive Consulting Services, LLC dba Car Czar Consulting http://carczarconsulting.com 503-701-6003 andy@carczarconsulting.com
Great to hear better than expected news for the last few weeks. Hopefully, that will translate to jobs soon. Let's do our part - www.myamericangoods.com
tomorrow there will be an interview with somebody saying DOW to revisit lows / market jitters / recovery doubts etc etc.
What else would you expect him to say ... he needs you to invest into the market in order to make money for his clients ...dahhhhh
I have put all the money into stocks, the market better go up.
In January, 2008, this same idiot OR LIAR predicted there would be no recession and that the market would enjoy even higher margins. He even stated the housing market problem would be considerably less severe than many were predicting. Why would anyone believe him now?
This guy talks for about 5-6minutes and says absolutely nothing ... no facts no data just very vague ... and I am supoose to see this as positive.
BUY Cell Therapeutics!!! CTIC CTIC CTIC Another Gem is AGEN AGEN AGEN!
BUY Cell Therapeutics!!! CTIC CTIC CTIC Another Gem is AGEN AGEN AGEN!
BUY Cell Therapeutics!!! CTIC CTIC CTIC Another Gem is AGEN AGEN AGEN!
This is all great but WE NEED JOBS TO EMPLOY AMERICANS. Believe me I am all for positive and fast markets but without fundamentals like employment and consumer sentiment none of this matters.
As the economy recovers money will be pulled from the market for other uses. Market will drop. IMHO This guy needs buyers.
Provides vague reasons for optimism. Ignores systemic problems and weaknesses - consumer sentiment, consumer debt, commercial real estate, residential real estate, toxic asset accumulation, unemployment, deflation, continued deleveraging. Step back and take a look. Apparent economic progress is a short-term mirage.
Stocks will go up or down today. Price of gold will be higher or lower today. S&P will bob up and down today. There will be some more unemployment today and some unemployment today. What a Jackoff.
New highs my A$$ // This guy is on Crack // The Bears are waiting outside the door // They are going to stampede WS very soon
Tex you got the right idea but your timing wrong. Dow 13,500 by end of 2010 and 16,500 at end of 2011
He wants to sell. He is truly a schill. Better than expected is his argument to buy. So, if MSFT sales are down by say 14%.......but they expected -16 % that's a reason to buy....hmmmm..... How's this for a comparison.....someone has a terminal illness, and has a year to live, but lives an extra 6 months.......then they die.....that's a number of companies still sitting in the SPX
Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. Fundamental company data provided by Capital IQ. Financials data provided by Edgar Online. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and Morningstar Index data provided by Morningstar, Inc. Analyst estimates data provided by Thomson Financial Network. All data provided by Thomson Financial Network is based solely upon research information provided by third party analysts. Yahoo! has not reviewed, and in no way endorses the validity of such data. Yahoo! and ThomsonFN shall not be liable for any actions taken in reliance thereon. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.
Wayne - Monday November 02, 2009 07:42AM EST
LIES ALWAYS RAISE THE MARKET- THE TRUTH LOWERS .