Lloyd Blankfein

That's really the job of the political sector to figure out how to distribute things.

The relief is so, it's so much greater than everybody doesn't know.

They're different.

They relate to each other over time.

But what a market is trying to do is it's taking everything it knows and extrapolating it forever about everything.

So if you change it like one degree, you won't notice that in the economy, but somebody who's trying to take

all the earnings and discount it back to present value from infinity back to the present, it's a big effect on a market, but really a small effect on the economy because the economy is a day-to-day thing and the market is trying to look at all the future possibilities and discount them back to the present.

I would say...

They shouldn't ignore each other, but they could go apart.

And also, the market is also sentiment.

No, it was high, but when people do... And by the way, I am not the market.

I don't own the market.

I am a slave to the market like anybody else.

I'm trying to figure it out also.

But when somebody has a 300 times, trades at 300 times their earnings, people have to be thinking, and they are thinking, that it's not going to be 300 times, that next year it's going to grow 100%.

The year after that, it's going to grow 100% or 90%.

That's the element of this growth.

And so people...

Again, once again, the market is extrapolating, is discounting the future into the present and saying, yes, it looks like 100 times earning now, but at this price, five years from now, it'll be 12 times earning.

The price is going to go up from there.