gretchen: it does. but obviously that s where they kick it off every day. clayton: stop trying to hide this piece of video. i know you re trying to stall. here is your first broadcast on the fox business network. we have some video. take a look at this. gretchen: how many years ago was that? that was in october of 2007. that is when the dow had reached its all-time high. it was over 14,000. then i spent the next several years talking about the financial crisis, layoffs, dividend cuts, down to 6500. here we are back now once again celebrating all-time highs. great for the folks with 401(k)s and iras. steve: 25,000 hits later, we thank you very much. nicole petallides who joins us on friday. and as we just saw when we took a look up at the balcony, today is international women s day being celebrated at the new york stock exchange.
not put your money in the stock market right now. you buy at the high and where does it go from here? far be it from me to tell anybody what to do with their money but have common sense and do not buy at the highs. that s the worst possible thing you could do. we don t know where the high is. that s the problem. if you compare earnings, which is what stock prices are based on, they re cheaper today than they were five years ago in october of 2007. back then a stock was trading for 17 times its earnings. today it s 14. there are people who say we don t know it s a high. we broke a record. is it not encouraging generally for the perception of the american economy, people are buying the stock because they re buying into a promise that the future s going to be rosier. that has to be another indicator. this isn t the tech bubble where people were buying up stocks that had no revenue. the question is how long does that go on for? can governments around the world
there is growth. we ve had 2 1/2 years of job growth but slow are than we need. real estate is turning out to be a fantastic investment because of low interest rates, but that takes time and capital. you have to have your investments increase in value, your home increase in value or your wages increase in value. 47% of americans have no direct investment in the stock market. if you have got a bit of cash and many americans don t, but if you do at the moment, is it a good or terrible time to invest in the stock market? oh, for crying out loud do not put your money in the stock market right now. you buy at the high and where does it go from here? far be it from me to tell anybody what to do with their money but have common sense and do not buy at the highs. that s the worst possible thing you could do. we don t know where the high is. that s the problem. if you compare earnings, which is what stock prices are based on, they re cheaper today than they were five years ago in octobe
on, they re cheaper today than they were five years ago in october of 2007. back then a stock was trading for 17 times its earnings. today it s 14. there are people who say we don t know it s a high. we broke a record. is it not encouraging generally for the perception of the american economy, people are buying the stock because they re buying into a promise that the future s going to be rosier. that has to be another indicator. this isn t the tech bubble where people were buying up stocks that had no revenue. the question is how long does that go on for? can governments around the world trip up economies to the extent that this doesn t live up to its expectation? but markets generally look ahead. other indicators often look behind. last word. let me interject a note of reality. we have going nobody washington, d.c., a political drama that will affect the american economy in ways we don t know for the next period of time.
weather will knock that out. all eyes on wall street looking to see if the market can make it two records in a row. the dow closing yesterday just below 14,253, which is a new record high. breaks the old record from back in october of 2007. those glory days before everything went into the tank. lets get right to our resident financial geniuses, ali velshi and christine romans. if we were geniuses, we would not be here in this hour of the morning. we d be having our people call you from our yacht. it s almost as if we erased all those bad days. no, it s a record but it s 30 stocks. the dow is 30 stocks. the s&p 500 probably more representative of what s in your 401. not a record, but your gain has been bigger. if you invested on march 9th, 2009, which turned out to be the bottom. christine and i have opinion screaming we re going to find the bottom. it did happen to be then. thanks for the heads up. but the dow was 6500. the gain on the s&p 500, which is bigger, 500 stocks,