Replies to post #120594 on Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

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. I think a bear market bottom with a ttm of 20 by GAAP is reasonable. I'm not sure we'll get it, however.