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Non-Tech : QQQ - Nasdaq 100 Trust -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Scientist who wrote (474)	1/6/2001 9:47:43 AM
From: Topannuity	Read Replies (1) \| Respond to of 840

RS- great work, however...there's a math problem here.. For example, 3Com Corporation (COMS) % Of Index (Adjusted) is 0.1 When you multiply $10,000 by 1/10 of 1% you get $10 NOT the $100 you reported. Is the overall PE off by a factor of 10?

To: Rocket Scientist who wrote (474)	1/6/2001 10:28:41 AM
From: Topannuity	Respond to of 840

Rocket Scientist is correct... Using Market Guide data (qcharts) Naz-100 P/E is about 175! Very scarey. Means Naz has a "l-o-n-g" way to fall. Maybe the NAZ 1000 predictions or lower are possible to get P/Es in line with growth rates. Here's another question: What is the relationship between the QQQ P/E and Naz-100 PE? is it the same? Here's the raw data: Symbol Last EPS Weighting Contribution to Earnings COMS 9.1 0.255 0.1 0.28021978 ABGX 38.5 -0.218 0.21 -0.118909091 ADCT 17 1.053 1.11 6.875470588 ADLAC 48.4375 -3.683 0.44 -3.345589677 ADBE 51.5 1.125 0.77 1.682038835 ALTR 29.3125 0.863 1.01 2.973577825 AMZN 14.5625 -3.439 0.22 -5.195399142 AMGN 58.3125 1.116 1.85 3.540578778 AAPL 16.375 2.18 0.47 6.257099237 AMAT 42.6875 2.399 1.14 6.406699854 AMCC 63.5 0.231 1.55 0.563858268 ARBA 34.1875 -3.726 0.61 -6.648219378 ATHM 5.59375 -7.028 0.09 -11.30762011 ATML 13.4375 0.461 0.3 1.029209302 BEAS 53.6875 -0.052 1.32 -0.12785099 BBBY 23.25 0.537 0.56 1.293419355 BGEN 52.125 2.122 0.61 2.48329976 BMET 33.3125 1.085 0.52 1.693658537 BMCS 21.8125 0.646 0.25 0.740401146 BRCM 87 0.428 0.86 0.42308046 BVSN 10.3125 -0.346 0.19 -0.637478788 CHKP 116.25 0.975 1.28 1.073548387 CHIR 41.375 0.879 0.72 1.529619335 CIEN 74 0.272 1.72 0.632216216 CTAS 47.5625 1.225 0.62 1.596846255 CSCO 36.625 0.406 6.62 7.338484642 CTXS 27 0.541 0.37 0.74137037 CMGI 4.5 -6.571 0.1 -14.60222222 CNET 15.3125 3.081 0.16 3.219330612 CMCSK 40.8125 1.058 1.08 2.799730475 CPWR 8.375 0.538 0.12 0.770865672 CMVT 93.375 1.261 1.11 1.49902008 CEFT 39.1875 0.769 0.6 1.177416268 CNXT 15.75 -0.914 0.28 -1.624888889 COST 41.3125 1.349 0.63 2.057173979 DELL 19 0.819 1.13 4.870894737 EBAY 30.625 0.105 0.43 0.147428571 DISH 24 -1.439 0.38 -2.278416667 ERTS 35.25 0.128 0.33 0.119829787 EXDS 17 -0.602 0.53 -1.876823529 FISV 46 1.33 0.44 1.272173913 FLEX 27.125 -0.507 0.85 -1.58875576 GMST 42.75 0.017 1.22 0.04851462 GENZ 75.9375 2.606 0.55 1.887473251 HGSI 58.5 -2.273 0.5 -1.942735043 ITWO 40.875 -2.666 1.34 -8.739914373 IDPH 155.063 0.782 0.53 0.26728491 IMNX 36.3125 0.223 1.85 1.136110155 INKT 12.0625 -0.089 0.08 -0.059025907 INTC 32.0625 1.495 4.9 22.84756335 INTU 36.25 1.506 0.64 2.658868966 JDSU 42.125 -2.121 2.76 -13.89664095 JNPR 109.813 0.257 1.61 0.376795097 KLAC 37.1875 1.642 0.55 2.428504202 LVLT 33.9375 -3.058 0.56 -5.045981584 LLTC 48.125 1.003 1.33 2.771927273 ERICY 11.375 0.339 0.75 2.235164835 MXIM 50.125 0.985 1.31 2.574264339 MCLD 19 -0.775 0.59 -2.406578947 MEDI 43.9375 0.409 0.68 0.632990043 MERQ 66.875 0.575 0.43 0.369719626 MFNX 13.125 -0.662 0.53 -2.673219048 MCHP 24.6875 1.09 0.16 0.70643038 MSFT 49 1.769 5.47 19.74781633 MLNM 52 -3.587 0.83 -5.725403846 MOLX 38.25 1.218 0.23 0.732392157 NTAP 54.625 0.236 1.35 0.583249428 NXTL 25.25 -1.564 1.63 -10.09631683 NOVL 5.28125 0.141 0.13 0.347076923 ORCL 30.125 1.134 4.68 17.61699585 PCAR 53.5 7.18 0.28 3.757757009 PALM 25.25 0.108 0.92 0.39350495 SPOT 36.9375 1.015 0.47 1.291505922 PMTC 15.4375 -0.016 0.35 -0.036275304 PAYX 44.6875 0.588 0.98 1.289488112 PSFT 37.5 0.323 0.94 0.809653333 PMCS 70.375 0.323 0.79 0.362586146 QLGC 71 0.555 0.45 0.351760563 QCOM 73.0625 0.838 4.38 5.023698888 RATL 36.0625 0.456 0.47 0.59430156 RNWK 7.03125 -0.471 0.07 -0.468906667 RFMD 22.375 0.358 0.29 0.464 SANM 73.1875 1.261 0.8 1.378377455 SDLI 152 -1.885 0.95 -1.178125 SEBL 58.5 0.186 2.06 0.654974359 SSCC 15.0625 1.931 0.23 2.948580913 SPLS 14.125 0.641 0.27 1.225274336 SBUX 41.75 0.494 0.65 0.769101796 SUNW 27.9375 0.615 2.7 5.943624161 TLAB 59 1.634 0.87 2.409457627 TMPW 45.875 0.36 0.31 0.243269755 USAI 20.0625 -0.239 0.42 -0.500336449 VRSN 68.8125 -10.349 0.88 -13.23468847 VRTS 80.5 -1.674 2.26 -4.699677019 VTSS 48.75 0.168 0.65 0.224 VSTR 113.438 -8.451 1.7 -12.66480368 WCOM 18.4375 1.637 1.24 11.00951864 XLNX 49.875 2.144 1.4 6.018245614 XOXO 22 -2.91 0.38 -5.026363636 YHOO 28.5 0.349 0.48 0.587789474 57.06100638

To: Rocket Scientist who wrote (474)	1/6/2001 2:55:42 PM
From: Doug	Read Replies (2) \| Respond to 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.