Red arrows on Wall Street on this first trading day of December, not the kind of kickoff investors were expecting for the final month of the year marked by stock market records. The Dow averages now back to the 16,000 mark and the S&P index stands at exactly 1,800.
So, why the selloff? Some fear a ‘bubble.’
Jim Paulsen isn`t buying the bubble talk. He says there is still a lot of upside in the stock market. He`s chief investment strategist at Wells Capital Management.