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>> WELLS FARGO Latest News

MAY 22, 2013 - Washington Business Journal

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Wells Fargo strategist: stock prices 'rational exuberance'

The stock market hitting all-time highs is a sign that investor confidence is building amid growing credibility that the economic recovery is real, according to a prominent Wells Fargo strategist. Jim Paulsen, the chief investment strategist for Wells Fargo's (NYSE: WFC) Wells Capital Management, says the Dow Jones industrial average, recently crossing 15,000, has room to move higher — much higher. "Rather than suggesting irrational exuberance, this show of confidence may actually be a step toward…

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