close and certainly factoring in today s losses. there are a few things that we ought to consider. the dow is up about 150% in this five-year bull market run but if you look back to the previous bull market high in october of 2007, the dow is only 16% higher. it doesn t sound so heady if you look at it in those terms. you also have to think about, well, once stocks aren t wildly overpriced and also, where are you going to put your money if you don t have it in the stock market? you re going to pay it to uncle sam and get paid virtually nothing to the federal government for 10 years. owning shares in a business sounds better than that. jenna: when you see the stock market go up, you don t make the connection that that means the stock prices have gone up which means they could be more expensive. is the feeling that stocks are overpriced or are they good buys? if you look at a broad measure how stocks are measured,
getting on a faster growth track and employment was picking up. and people started to get optimistic. we saw the stock market go up, the fed got more optimistic, people got optimistic we were finally breaking out of this slow growth track and getting onto a stronger economic track. what we ve seen today is more evidence from the start of this year that people s expectations might have gotten too, might have gotten ahead jenna: funny you mention that, jon. i happen to read your newspaper, and we have an opinion piece in the newspaper in the wall street journal, ominous signs for the global recovery. right. i actually wrote a story like that a couple of days ago. jenna: oh, really? i m glad we re talking to you about it. this writer says the global economy could be in danger, snatching defeat from the jaws of victory. and it goes on to use a mike tyson quote in relation to emerging economies, but i think it might be ? mike tyson, noted economist. jenna: exactly. mike tyson once
this is one of a number of embarrassing videos from 2011. we ll show you. and a pretty big setback to tell but now for newt gingerich and rick perry. two presidential candidates have not collected enough valid signature to appear on the state s primary ballot. athena, everybody is wondering, how in the world if you re a serious candidate for the nomination, can you, i don t know, just forget to get your name on the ballot? they didn t forget, but still, how can this happen? i mean, it s really baffling to a lot of observers here. people were surprised, especially about newt gingerich. but we have gotten a statement from each of these campaigns. the perry campaign says in part, they re going to closely review the facts and law to determine whether an appeal and challenge is warranted. now, gingerich s campaign called the whole way virginia handles its ballot requirement process, they said it s a failed system and they said they re going to pursue an aggressive write-in campa
would-be republican rivals rick perry and mitt romney, including one comment that some see as disrespectful to the president. and we talk about terrorism as the world prepares to mark ten years since 9/11. the president says that kind of spectacular attack may not be the biggest threat right now. we want to welcome our viewers in the united states and around the world. breaking news, political headlines, and jeanne moos, all straight ahead. i m wolf blitzer. you re in the situation room. president obama on a bus tour through the united states midwest. he s been reaching out to rural voters. but he took some time today to sit down with me for a wide-ranging one-on-one interview. we talked about the political gridlock in washington, the field of republican challengers trying to oust him from the white house, and the terror threat a decade after 9/11. but we began with what may be the most pressing issue facing the country right now. here s part one of my interview with the pr
years since 9/11, the president says that kind of spectacular attack may not be the biggest threat right now. we want to welcome our viewers in the united states and around the world. breaking news, political headlines and jeanne moos all straight ahead. i m wolf blitzer. you re in the situation room . president obama on a bus tour through the united states midwest he s been reaching out to rural voters but he took some time today to sit down with me for a wide-ranging one-on-one interview. we talked about the political gridlock in washington, the field of republican challengers trying to oust him from the white house, and the terror threat a decade after 9/11. but we began with what may be the most pressing issue facing the country right now. here s part one of my interview with the president of the united states. mr. president, thanks very much for joining us. great to be here. let s talk about jobs jobs jobs. issue number one. you re going to release a major new j