Oct 29, 2010

James Paulsen on employment growth as stock market stimulus

I think the best news here in recent weeks is that unemployment claims number breaking below 450. If that's a real number and we find out in the next few weeks that we're going to get several prints below that level I think we're going to move this market to new highs before the year's out.

~James Paulsen, Wells Capital Management, CNBC "Squawk Box", October 29th, 2010

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