December's ugly stock market could help launch a 2019 rally to remember, according to Jim Paulsen.
The Leuthold Group chief investment strategist believes Wall Street panic is in its later stages.
"You're hearing a lot of calls for recession, you're hearing a lot more people calling this a bear market," he said Friday on CNBC's "Trading Nation." "We've done a lot of damage here with sentiment."
The S&P 500 is coming off its worst week since 2011. The index is off about 18 percent since its all-time high of 2,940, hit on Sept. 21.