creating jobs, then we are going to face a cliff. i feel so bad for savers. they say you re trying to tell me i m 59 years old and supposed to be putting my money in the stock market where i thought i was supposed to put in a cd to give me a return and they are not getting it. it s hard for people. before you were asking what stocks people should be invested in. i think big blue chip multinationals have become the new security play. they are the new bonds. big companies like p&g, are they safer than european sovereign debt? yes. you go into big blue chips getting 3.5% yield versus 1.7% in a ten-year note. i want to go back to housing. you re seeing happy housing news. part of the happy housing news is mortgage rates so low, 15-year fixed, lowest level
of all, the economy picks up, the jobs picture gets better. i think the jobs picture is absolutely horrible. i think the economy is modest at best growth. i think this continues for quite some time. when they initially pull it away, it s going to mean things are good. so the market should keep going. however, once people realize the punch bowl is gone and that we actually have to get out there and stimulate the economy through actually creating jobs, then we re going to face the cliff. i feel so bad for savers. i hear every day from savers who say you re telling me i m 50 years old, i m supposed to be putting my money in the stock market, and i thought i was going to put it in some cd and get some return. that s really hard for people. it is. before you were asking what kind of stocks people should be invested in. i think in a way big blue chip multi-nationals have become the new security play. they are the new bonds. because if you look at big companies like p&g or ibm, they ve go