I never said PE was dividends. He said he would get 1/2 his money back in 9yrs, that means dividends. But then he said it is faster with more sales, which is not correct. He then tried to justify his argument by saying earnings had tripled, and I gave the real figures.
Of course the market will bouce back eventually, it's a question of how long it takes.
Russia has a PE of 4. Bet those who bought at a PE of 8 never thought they would lose 50%
