Replies to post #120627 on Zeev's Turnips Patch-No Politics (ZEEV)

[market_watcher]

I'm not as certain either way as you seem to be.

Another factor in the bottom P/E is just how much people's mindset changes from return on capital to preservation of capital. If people are more concerned about the latter, equity-heavy 401Ks will be much more difficult to sell.