Replies to post #89113 on Zeev's Turnips Patch-No Politics (ZEEV)

[Ace Hanlon]

I am not predicting single digit P/Es unless perhaps we really do get the kind of derivative meltdown Buffet worries about. But substantially lower prices for sure until we get real capitulation. I envision this happeing once the war rally ends and people realize how different hings are today than in 1991.