paul larson of morngstar, welcome ba to "nightly business report". >> thanks forhaving me ain. >> jeff: there'slways a lot of questions a we go through the seasons here aut how long does this recession las, and when we talk about ecomic green shoots,re ther any real economic gre shoots tspeak of. >> well, think you can characterize the economy and the ecomic indicators as being less bad. thin are certainly not as bad as they we back in the first quarter. t there's a big fference between less bad and good and we aremost ctainly ill in that less bad phase, stl going in reverse, still expeencing economic contraction. >> jf: what do w make of th rally we've seen these last weeksnd months? >> well, i thinkthat a loof the ray that we' experienced wa simply a multiple expansion rally meaning that the valuations just got soow in the early rch lows and that a lot of the rall that we'veeen is just bn a rebound, and not necessily refleing any meaningful economi recovery. there hasbeen, you know, some talk of these green shoots, but i don't tnk that there whole lot of subance to the economic expan