AS,
Yes, of course AG does care about the markets, ALL of the markets....our little microcosm of equities, and in a broader sense indexes, is only a fraction of his concern...if your argument in the ESHR example was to state that AG should care about its valuation, and what the market agrees to pay for ownership in it...you are wrong....this is not his responsibility...he must *keep the wheels oiled* and if the market dictates that ESHR is worth what you stated, so be it...YOU feel that it is undervalued, however the marketplace, at this point in time, does not...this is what buyers will pay for it.....
Now, I'm not saying that his policies and actions are not the cause for ESHR (your example) being undervalued...they just can't be his concern in a valuation sense.....
Would you have AG and the FED dictate policy, that solely was to the benefit of the owners of stocks.....long for that matter........what is that.......manipulation in it's broadest sense.......as you know that dynamics of ALL markets are very complex.....and moving rates EITHER way have a trigger effect, worldwide......I'm just not sure that the *hit* all investors/traders took in this decline is his only concern...so decisions can't be made with only that in mind
<He can staunch the bleeding for companies like this, companies which millions depend on>
Yes, the FED's actions could probably help, SHOULD THEY,....don't forget the billions & billions of liquid money he poured into the economy is part of the problem that created this bubble, which is now leaking.... |
