James Paulsen of Wells Capital Management says that, while there will be significant corrections during the year, he thinks the overall trend of the market is “still clearly higher”. Paulsen tells Bloomberg that earnings and economic fundamentals will drive the market, and that data on those fronts remains largely positive. Paulsen also offers some interesting thoughts and data on how unemployment impacts stock returns.

[youtube=http://www.youtube.com/watch?v=sq_dF0xDkrY]