Echoing the grave concerns of no lesser ‘maestro’ of manipulation than Alan Greenspan, Wells Capital Management’s Jim Paulsen notes that while the U.S. stock market has risen by about 3 times from its crisis low in March 2009; much of this advance has been against a backdrop of disappointing productivity gains… should productivity growth remain subpar, stock market risk […]
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The stock market hasn’t had a great start to the year. In 2015’s first full week, the S&P 500 lost ground and on Monday the price of oil was crashing again and bringing stocks lower, too. Still, the benchmark index is less than 3% away from all-time highs, and according to Jim Paulsen at Wells Capital, using the median price-to-earnings […]
(Read more: Kass thinks S&P should fall 9%, but is he right?) “We’re going to have this frustratingly volatile but flat year,” Jim Paulsen, chief market strategist at Wells Capital Management, said in an interview. “You have this big year, and then you’ve got to spend some time to re-establish a base to take off from. […]
