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Technology Stocks : Semi Equipment Analysis
SOXX 296.26-3.9%Nov 4 4:00 PM EST

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To: Return to Sender who wrote (54745)11/28/2011 5:44:01 PM
From: Sam  Read Replies (1) of 95358
 
Their chart is using is using earnings of $84.13, reported as of June 2011--
multpl.com

Pretty obviously I haven't gone through the most recent SP500 reports and culled GAAP/non-GAAP earnings to see what has happened since then, but, without looking it up, I believe Merrill recently said TTM earnings were around $97-98. But I don't know if that was GAAP or non-GAAP.

And, of course, TTM earnings mean less than nothing if we are in fact heading for a recession in 2012. Or, worse, another credit crisis.
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