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Cool! Thanks Chris.
> The 12-month trailing P/E ratio for the NASDAQ 100 as of the end of
> January was 45, which only includes stocks with positive earnings.
It appears that Morningstar is calculating the P/E about the same way.
They show 46 at the end of January for QQQ which is a proxy for the
Nasdaq 100. If anyone wants to follow it going forward, the addresss is
http://quicktake.morningstar.com/ETF/portfolio.asp?Country=USA&Symbol=QQQ
If you include the companies with losses, the spreadsheet shows a 67
P/E at the end of January. You could use the 2593 closing price for NDX
at the end of January and figure the ratios as the price changes....
as of today, 36 excluding losers or 54 including them. Still plenty
lofty but a whole lot lower than the 800 recently quoted. :-)
The scarier looking one on the spreadsheet is the Nasdaq Comp. Only about
half the companies made money. The January P/E was 30 excluding the losers
but 96 including them. Not a pretty picture.
--
Dennis
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