James Paulsen Suggests it May be Time to Buy and Hold
James Paulsen, Wells Capital Management, has written an interesting “Perspective” on what the future might hold. It consists of 16 pages of enlightening graphs and commentary. Paulsen also argues that it might be a great time to buy and hold for the long-term after the market traded in a range for 10 years.
SMA Comment: Paulsen is entertaining to listen to (he’s on CNBC from time to time), but he certainly didn’t see the trouble brewing in 2007 which damages the credibility of his analysis. The market could be in a trading range for a lot longer than most suspect.
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