Good morning, and welcome to Precision Castparts' Webcast and Conference Call to discuss its second quarter earnings for fiscal 2011. This event is being recorded and will be available on PCC's company website at www.precast.com shortly after the
Increased spending on consumer services is a very positive sign for the economy, but imports continue to be a headwind to GDP, says Morningstar's Bob Johnson.
Portfolio Solutions' Rick Ferri on bonds for tactical versus strategic portfolios, adding inflation protection to portfolios, why commodities don't work for long-term investors, and rebalancing strategies.