Europe Won't Derail U.S. Market, Paulsen Says

Wells Capital Management’s James Paulsen says Europe’s woes will create volatility for the U.S. market, but won’t derail it. Paulsen tells Bloomberg that the sensitivity of financial markets to the Europe debt news is “decaying”. He says he thinks the U.S. market will be driven more by what’s happening in the emerging market world and in the U.S. itself. Paulsen says the U.S. economy has slowed, but that it’s not dead, and wonders if investors have loaded up too much on “safe haven” type stocks amid all the Europe fears.