Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

>>I don't think we'll see a 9 P/E on the S&P. The advent of the 401K almost assures it won't happen.<<

Interesting point. It may not happen soon, but, the 401k and all those IRA could eventually give us those low PE's. A problem down the road is that these plans require one to sell holdings at some point. This allows the government to finally collect it's taxes. When the boomers start unloading in mass, it could create a problem.

That said, I think we hit those low PE's well before as our economy starts to crumble.