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.
Investors should resolve to tune out the political news, buckle up for more volatility, be wary of IPO hype, and not stretch for yield, says Morningstar markets editor Jeremy Glaser.
Morningstar's Rick Summer sees Facebook and Google dominating the Internet advertising market as Facebook finds better ways to monetize its massive user base.