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And then the stock market will go through the roof. >> i want to play what greenspan had to say. >> are we still in a bull market? >> no, we can see it by the reaction of recent days. it would be very surprising to see it sort of stabilize here and then take off again, but it has happened in the past however at the end of that one, run for cover. >> your point, china's deal could change things and then at the end of it, run for cover. those are sobering words? >> they are. greenspan is a smart guy and he did a good job at the fed, i think he was there over a decade. he's not an oracle, and non...

The president said there's no reason for the federal reserve to make a move like this because the dollar is so strong and inflation is so low. more of that with gary in just a second. first, to charlie gasparino and deidra bolton on what are some of the danger signals right now. deidra, what are you hear something. >> we're continuing to look at this flattening today, inverted euro curve, looking at the 5 and the 3. that's making investors nervous. and just statistically. you referenced the fed. i think there's been one fed since 1960, maybe 2, that has been able to engineer a soft landing. gr...

Ever back in 2006. the target, president bush. >> i stand by this man. i stand by this man because he stands for things. not only for things, he stands on things. things like aircraft carriers and rubble and recently flooded city squares. and that sends a strong message that no matter what happens to america, she will always rebound with the most powerfully staged photo-opes in the world. >> reporter: another car, jon stewart, hosted a dinner in 1997, long before he was a household name. >> congratulations in order to mr. greenspan and andrea were married. ms. mitchell you must be thrilled. ho...