Friday, August 6, 2010

Jim Paulsen of Wells Capital just doesn't get the job picture

The neighboring K-Mart had an opening for a stockboy and 120 people came in the first day looking for the job.

That didn't include any e-mailed resumes.

But he thinks people want to live on unemployment benefits!!


Anonymous said...

Should we buy now?

Anonymous said...

Doesn't the market feel like it's gearing up for a crash?

Can't you feel it?

How long can a rally based on a recovery that never happened really last?

I predict a mad rush for the exit by the end of the year, unless of course they turn the spigots up to 11 with QE2 and more stimulus, then all bets are off.

Anonymous said...

hey thanks anon. that's quite a call. We'll go down unless we go up?

Anonymous said...

Or we'll recover unless we continue down. lol

Anonymous said...

Fair enough, lol.

But to be clear, I don't expect QE2 or more stimulus, seems politically impossible at the moment.

I would expect a crash first, which would be the justification for more interventions.

So to reiterate, we're going down, unless the unlikely situation arises that we go up. Brave, brave call, I know.

But at least I didn't call for S&P 1440 by June!