It is a great morning. In some ways, I think that in some ways what we're doing in the last couple of years in this country financially, in the financial markets, is rebuilding confidence, which we utterly destroyed in the 2008 crisis. And, a big part of that is to effect the mood and confidence and I think this is just what the doctor ordered for that. You know, it's not going to have a dramatic impact this morning that's going to last, but I think overtime it'll have a greater impact than you think.
The US has been battered for a decade or more with the failures of WMDs, and backing out of Iraq and to have a great success on a national scale puts us back in play. I think it's just the type of thing that adds to the confidence to spend some of the cash flow, for example, or to feel better about your portfolio and about equities in general.
~Jim Paulsen, chief investment strategist, Wells Capital Management, CNBC's Squawk Box, May 2, 2011