‘ Jim Paulsen Tells CNBC Markets Might End-Up in a Full-blown Ten Percent Correction ‘
#AceFinanceNews – October 16 – Wells Capital Management’s Jim Paulsen told CNBC on Thursday that the ongoing stock selloff could get “a little scarier yet” and that markets might end up in a “full-blown” 10 percent correction.
“Until yesterday, this corrective process has been looked at more as a good thing, a healthy refreshing pause, refreshing values for the long-term bull,” Paulsen told CNBC’s “Squawk Box.” “And that’s certainly not how we feel this morning. It gives you a sense we’re getting closer to the bottom here.”
Paulsen’s comments came as U.S. stock index futures signalled another morning of selling on Wall Street.