S&P Forward Earnings

Quote from piggie2000:

Bullshit $63. i've read $45-$50 earnings 5 times at least for 2009. 19 times 2009 earnings. This mkt's a sham

Piggie, your number includes write-downs. This market is looking past 2009 and is assuming a recovery. I don't necessarily agree, but that's where we're at right now.
 
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