WELLS FARGO INVESTMENT STRATEGIST IS AN IDIOT IF HE BELIEVES THE AMERICAN PUBLIC IS CLUELESS. GEE PAULSEN, IF YOU TELL US TO CHEER UP, WELL GOLLY, I GUESS WE WILL. WELLS FARGO TELLS THE TRUTH, CERTAINLY. WHY, WE'VE BEEN TOO NEGATIVE, YOU'RE RIGHT. WE SHOULD JUST GIVE YOU OUR HOMES. WHY ARE WE BEING SO ARGUMENTATIVE? SO DEFENSIVE? HERE, TAKE ALL OUR MONEY. WE'VE BEEN BUILDING UP OUR EQUITY FOR YEARS SO WE COULD GIVE IT ALL TO YOU. WE'RE SO STUPID. WHO DO WE THINK WE ARE TO TRY AND THINK ON OUR OWN? TO FIGHT FOR OUR HOMES IN COURT? TO FIGHT FOR OUR RIGHTS? TO EXPOSE WELLS FARGO AND BIG BANK GREED AND IT'S UGLINESS FOR ALLL THE WORLD TO SEE?

Friday, March 5, 2010

On the Money
Wells Fargo investment strategist Paulsen says to public: Cheer up
San Francisco Business Times - by Mark Calvey

     The American public is too pessimistic  as the 2008 financial crisis has led to a nation on bubble watch, said Jim Paulsen, chief investment strategist at Wells Capital Management, part of Wells Fargo.
     Paulsen sees reason for hope where others find trouble. For example, he views the number of people thinking the nation is on the “wrong track” as a sign that the stock market could move higher based on investors’ low expectations for the future. He also believes companies have purged payrolls, inventories and capital spending in anticipation of another great depression that hasn’t materialized. (Of course, there’s a camp that expects Wall Street to crash as more bubbles burst, which underscores Paulsen’s main point that people are too negative.)
     Paulsen actually sees prospects of the Fed tightening as a potential positive.
     “The ‘zero’ Fed funds rate has been ‘psychologically’ damaging to national sentiment like no other Fed policy in the postwar era,” Paulsen recently told clients. He anticipates the Fed raising short-term rates by one-quarter to one-half percentage point in the next few months.