Good day, everyone, and welcome to EOG Resources Fourth Quarter and Full Year 2010 Earnings Results Conference Call. As a reminder, this call is being recorder.
Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.
The GMO chief strategist highlights the factors behind the market's bullish bias, abnormally high corporate earnings, current valuation levels, a slowdown in productivity, and the great paradigm shift in natural resources .
Homebuilder sentiment, start and permit trends, and consumer behavior suggest a turn for the long-suffering housing market, says Morningstar's Bob Johnson.