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Non-Tech : QQQ - Nasdaq 100 Trust
QQQ 623.23+2.2%4:00 PM EST

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To: Rocket Scientist who wrote (474)1/6/2001 2:55:42 PM
From: Doug  Read Replies (2) of 840
 
R.S: Your valuation is dependent on the data.

P/E is measured in terms of Current Price/ Operational earnings not Adjusted earnings. The Market data reflects adjusted earnings and is therefore not fully valid.

The Operational trailing earnings can be found from the Yahoo research Board. When you measure that you will see a much lower figure. Nevertheless the NAZ is currently 500- 600 points above its traditional level viz 1/5 of the DJIA.
It may get there by end April starting in end Jan. Many fundamental analysts agree with that observation.

The DJIA and S&P are far more healthy and may trade sideways whilst the NAZ corrects. Do you have any convincing arguments for the NAZ to be at these high P/E levels & higher.

Thanks.
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