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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: pvz who wrote (35757)5/13/2002 12:23:58 PM
From: John Pitera  Read Replies (1) of 52237
 
It's going to be interesting if the recalculating of operating earnings boosts the SPX's PE up to 30 for year 2002 operating earnings.

11:30AM S&P to announce new standards for calculating earnings -- WSJ : According to a story in this morning's Wall Street Journal, Standard & Poors is expected tomorrow to announce new standards for calculating operating results. The most controversial of S&Ps new standards would treat employee stock options as a quarterly expense against earnings. Using the definition of core earnings that S&P has just developed, the P/E of the S&P 500 would rise to 30x estimated 2002 earnings vs 22x under the old method.
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