Jim Paulsen Quotations

There's a fairly consistent theme running through all of the markets, which is tied to the idea that the Fed is nearing the end of the tightening cycle. It was the combo that the Fed's done and the import price number was down.

On net this is not going to be a big event economically. People initially went to the big impact it was going to have, all predicated on the idea that oil was going to go a lot higher (than it has).

One of the central characteristics of this entire global recovery is the outsized impact of these new economies. That's one of the reasons why growth has remained strong in the U.S. and profit trends have been remained positive, so if there is any inkling that we are at the front end of slowing that down, that's going to make a dramatic difference.

Thus far, the Fed seemingly has no bite. Normally, when the Fed has raised short-term rates, long-term yields have also risen. Not this time.

You certainly see a market throughout which is reflecting rate worries.

We might see a little pause for assessment on stocks next week ahead of the jobs report. From now on, stocks will rise only if investors continue to believe, just like the Fed, that the economy is solid and may absorb higher rates.

The headline thing today is oil. It's within striking distance of a new high. It adds more fear about how much the economy could slow.

What little earnings reports we have had have been a little bit more disappointing than outperforming, for the most part, so that's weighing.

Even at the open, we knew it was just going to be Libby, and if nothing else, at least the uncertainty is gone.

Yields seem to have found a high. Taking bond yields up every day has been a tough one for the stock market, and the fact it would pause is good news at least in short run for stocks.