oeo2oo (or anyone) Re: "According to S&P on its website, based on "as reported earnings," the current PE for the S&P 500 is 37..." Could you tell me where on the SP website you found this? All I was was able to dig up was this Aug. 12 article by Jeremy Siegel, and he puts the PE around 21x next year's core earnings: <A HREF="http://www.standardandpoors.com/Forum/MarketAnalysis/coreEarnings/Articles/081202_oasis.html" target="_new">http://www.standardandpoors.com/Forum/MarketAnalysis/coreEarnings/Articles/081202_oasis.html</A>