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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (4576)	5/13/2002 12:25:49 PM
From: Augustus Gloop	Read Replies (1) \| Respond to of 6346

Who is English Lit? Do I know her? <g>

To: GraceZ who wrote (4576)	5/13/2002 12:42:16 PM
From: John Pitera	Respond to of 6346

the Market's getting more expensive all the time.....now if they keep moving the goalposts ... -g- 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.