Wells Capital Management Chief Investment Strategist James Paulsen says that he thinks we’re “getting close to the end of this mini-panic” that has rattled the markets, and that investors should shift some funds toward riskier assets. In recent weeks, investors have piled into “safe haven” assets, whether it be lower-risk bonds or gold or “steady Eddie” stocks, he tells Bloomberg. That’s created a big spread in valuations, with cyclical-type assets becoming cheap. Long-term investors should take advantage of bargains in more cyclical-type stocks, or oil, he says.  Paulsen also says he thinks we’ll see a bounce in the economy later this year.

[youtube=http://www.youtube.com/watch?v=Nm04rs-xo5U]