[GaltMeister]

"The 34 I quoted was based on info supplied by a freeper today for the S&P 500 as of Friday's close..."

That P/E figure came from BigCharts.com, you can click on this URL:

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=sp500&sid=0&o_symb=sp500

[shred]

Here ya go, direct from the horse's mouth:

http://www.spglobal.com/earnings.html


As you can see, many ways to distort the actual figure for
the S&P p/e.

My question is, since as of March 2002, when the market was at it's peak for the year, the S&P itself says "operating" p/e was 16 and "as reported" was 36, and since then, earnings have improved (albeit slightly) and the market has dived, shouldn't those ratios already be markedly lower for TTM figures as of July?

shred