James Paulsen on the possible taper

Today on CNBC, James Paulsen said “I really think if we have a controlled, methodical, linear taper…then the market will be fine with that,” which echoes our comments of November 7 when we wrote, “we believe a slow, steady taper over a 12-month period would work just fine.” However, Paulsen thinks there is a chance that money velocity might increase later on which could lead to a panic taper.

Link to the CNBC interview with Paulsen: http://www.cnbc.com/id/101277298