What price-earnings ratio to put on the market is more of a function of the going inflation rate and the confidence level of the recession's depth and duration.
The White House and the Congress will have to ensure that the "watchful eye" is vigorously attentive in hopes of restoring faith and confidence in our financial markets that must exist for those markets to function properly.
"For us to function effectively on behalf of the public there has to be mutual confidence within the Treasury team, and there can be no breach of trust between a Minister and his political members, " he added.