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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: J.T. who wrote (10128)2/5/2002 4:31:13 PM
From: Gypsy King  Read Replies (1) | Respond to of 19219
 
Where can I find historical Put/Call ratio data?
Thanks in advance!



To: J.T. who wrote (10128)2/5/2002 6:44:10 PM
From: High-Tech East  Read Replies (2) | Respond to of 19219
 
FYI ... ... just sent this to Barron's, The New York Times and The Washington Post ...

Subject: ... S&P and Barron's Revision to Earnings Reporting ...
Date: Tue, 05 Feb 2002 18:30:58 -0500
From: Ken Wilson
To: editors@barrons.com
CC: letters@nytimes.com, webnews@washingtonpost.com

February 5, 2002

Subject: An Idea for Alan Abelson's Column in Barron's Next Week

I noticed that Standard & Poor's now uses "Operating Earnings" instead of "Net Income" to calculate the
Price-Earnings Ratio for the S&P 500.

My documented authority ..... page MW 46 of Barron's dated February 4, 2002 ... top left hand corner under
"Indexes, P/Es & Yields"

Footnote R: Effective February 4, 2002, "S&P has modified reporting to use Operating Earnings."

S&P 500 Index - Earnings in Dollars

Last Week ..... R ..... 39.28 ..... plus 38.7%
Previous Week ....... 28.31
____________________________________

S&P 500 Index - P/E Ratio

Last Week ..... R ..... 28.57 ... minus 28.6%
Previous Week ....... 40.03

I know that almost everyone on Wall Street has been worried about high P/Es on the S&P, and how they
indicate that equities are still much overvalued. At the same time, I have to admit that this is a very
progressive approach to solving that problem.

Just make Operating Earnings equal Net Income ... poof ... problem solved. Thank you, Standard & Poor's with
an assist to Dow Jones and Company via Barron's.

Thank you Dow Jones for using the "Enron Approach" to honest (pro forma) earnings reporting ... integrity in
action, my goodness.

Sincerely yours,

C Kenneth Wilson