A prominent Wall Street strategist told CNBC the stock market may see a "wartime boom" next year following the US economy’s "depression-like collapse."
Jim Paulsen is one of a hand full of economists who have predicted US GDP could rebound strongly in the first quarter next year.
Paulson said companies have cut down on costs and increase efficiencies to survive the collapse.
"A lot of that boom will fall to the bottom line in a bigger way than people currently expect," Paulsen said.
"We could have a big profit recovery."
