that's something that the
short-term investoty commu
doesn't focus on.
>> you also mentioned
volatility.
that's what people are really
most upset aut.
investoret very upset when a
company misses the earnings
estimate by a few pennies and
the stock falls 10%.
that's what gets them upset.
eliminating guidance is not
going to get rid of that
problem.
>> let me give you ametaphor.
the fed.
w they didn't put a number of
dots up there wld have a
debate on how they're going to
get through inflation.
that's what's relevant for
keeping them calm and guiding
the companies.
>> i had an ilexample,am
lee, i looked at kroger.
they recently announced that
their profit margins were going
to be squeezed because they were
making more investments in the
ecommerce business and
immediately eluding to what
rahan said, that stock dropped
by 11%.
you have to think hat plays
with the ceo's mind.
that might make a difference if
they know the stock is going to
suffer in the short term.
>> absolutely.
they make...