Recovery Still in Early Phases, Paulsen Says

James Paulsen, chief investment officer of Wells Capital Management, says the market has a ways to run, and that there are signs the economic recovery is self-sustaining — not simply driven by stimulus funding. Paulsen tells Yahoo! TechTicker that he doesn’t think the market’s rise will be a straight line upward, but he does say that he thinks we’re “very early” in the stock market and economic recoveries, and that we’ll see new highs in corporate profits before the end of this cycle.