. >>> live from nasdaq marketsite in times square, to paraphrase bob newhart, was it all just a dreamis the u.s. the new safety trade or investors simply making a big mistake? let's find out. dan, has anything changed in the past week sf. >> nothing has changed geopolitically. we had the jobs numbers for the first time in months that was better than expected. so, in general, you know, it feels like the recovery here in the u.s. is intact, that's why global investors feel pretty safe in investing in the s&p 500. >> would you say it's the new safety trade? >> i don't know if it's the new safety trade. a safer trade, perhaps. why don't we take a look at some of the risk factors that we see right now. the value of all stocks relative to gdp right now, probably around 120%. another metric, what is the price time earnings, thee-times longer. it's a it will bit of a premium there. in a yield environment like this, that could make sense. remember, we're looking at the risk versus the reward. >> there's almost no time over the last 18 months when buying the s&p was a mistake. you can buy it ba