Jim Paulsen is Looking for Stability

By on August 21, 2011

A chastened Jim Paulsen, chief investment strategist, Wells Capital Management, advised investors to stay diversified and indicated traders could benefit by making small moves in the current volatile environment. He would sell safe haven assets as he expects the economy to continue growing.

Paulsen also said he would “sell a little gold and buy a little oil.” He feels the S&P 500 level of 1,100 will hold and he expects it to rebound to 1,200.

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