gerard minack joins inside business, page-6

here is the PE for the s&p going back to 1936
QUARTER 12 MO P/E
06/30/2008 24.92
03/31/2008 21.90
31/12/2007 22.19
09/30/2007 19.42
06/30/2007 17.70
03/31/2007 17.21
31/12/2006 17.40
09/30/2006 17.00
06/30/2006 17.05
03/31/2006 17.82
30/12/2005 17.85
09/30/2005 18.46
06/30/2005 18.80
03/31/2005 19.57
31/12/2004 20.70
09/30/2004 19.29
06/30/2004 20.32
03/31/2004 21.66
12/31/2003 22.81
09/30/2003 25.82
06/30/2003 28.21
03/31/2003 27.97
31/12/2002 31.89
09/30/2002 27.14
06/30/2002 37.02
03/31/2002 46.45
12/31/2001 46.50
09/30/2001 36.77
06/30/2001 33.28
03/31/2001 25.54
12/31/2000 26.41
09/30/2000 26.75
06/30/2000 28.02
03/31/2000 29.41
12/31/1999 30.50
09/30/1999 29.18
06/30/1999 33.46
03/31/1999 33.52
12/31/1998 32.60
09/30/1998 26.70
06/30/1998 29.10
03/31/1998 27.86
12/31/1997 24.43
09/30/1997 23.31
06/30/1997 21.83
03/31/1997 18.82
12/31/1996 19.13
09/30/1996 19.09
06/30/1996 19.21
03/31/1996 18.96
12/31/1995 18.14
09/30/1995 16.61
06/30/1995 15.82
03/31/1995 15.38
12/31/1994 15.01
09/30/1994 16.93
06/30/1994 17.63
03/31/1994 19.63
12/31/1993 21.31
09/30/1993 22.49
06/30/1993 23.31
03/31/1993 22.77
12/31/1992 22.82
09/30/1992 23.16
06/30/1992 23.94
03/31/1992 24.93
12/31/1991 26.12
09/30/1991 21.77
06/30/1991 19.12
03/31/1991 17.92
12/31/1990 15.47
09/30/1990 14.08
06/30/1990 16.84
03/31/1990 15.69
12/31/1989 15.45
09/30/1989 14.74
06/30/1989 12.61
03/31/1989 11.81
12/31/1988 11.69
09/30/1988 11.96
06/30/1988 12.62
03/31/1988 13.93
12/31/1987 14.12
09/30/1987 20.29
06/30/1987 21.08
03/31/1987 19.32
12/31/1986 16.72
09/30/1986 15.58
06/30/1986 17.05
03/31/1986 16.45
12/31/1985 14.46
09/30/1985 11.96
06/30/1985 12.29
03/31/1985 11.02
12/31/1984 10.05
09/30/1984 10.03
06/30/1984 9.46
03/31/1984 10.43
12/31/1983 11.76
09/30/1983 12.49
06/30/1983 13.32
03/31/1983 12.32
12/31/1982 11.13
09/30/1982 8.88
06/30/1982 7.74
03/31/1982 7.56
12/31/1981 7.98
09/30/1981 7.61
06/30/1981 8.74
03/31/1981 9.33
12/31/1980 9.16
09/30/1980 8.57
06/30/1980 7.65
03/31/1980 6.68
12/31/1979 7.26
09/30/1979 7.47
06/30/1979 7.36
03/31/1979 7.64
12/31/1978 7.79
09/30/1978 8.86
06/30/1978 8.51
03/31/1978 8.17
12/31/1977 8.73
09/30/1977 9.01
06/30/1977 9.64
03/31/1977 9.76
12/31/1976 10.84
09/30/1976 11.02
06/30/1976 11.27
03/31/1976 11.87
12/31/1975 11.33
09/30/1975 10.81
06/30/1975 11.96
03/31/1975 9.87
12/31/1974 7.71
09/30/1974 6.97
06/30/1974 9.84
03/31/1974 11.24
12/31/1973 11.95
09/30/1973 14.10
06/30/1973 14.42
03/31/1973 16.40
12/31/1972 18.39
09/30/1972 18.00
06/30/1972 17.95
03/31/1972 18.45
12/31/1971 17.91
09/30/1971 18.11
06/30/1971 18.55
03/31/1971 19.22
12/31/1970 17.96
09/30/1970 15.73
06/30/1970 13.17
03/31/1970 15.92
12/31/1969 15.93
09/30/1969 15.81
06/30/1969 16.73
03/31/1969 17.44
12/31/1968 18.03
09/30/1968 18.14
06/30/1968 17.88
03/31/1968 16.58
12/31/1967 18.10
09/30/1967 18.25
06/30/1967 17.01
03/31/1967 16.55
12/31/1966 14.47
09/30/1966 13.89
06/30/1966 15.52
03/31/1966 16.71
12/31/1965 17.81
09/30/1965 18.06
06/30/1965 17.38
03/31/1965 18.41
12/31/1964 18.63
09/30/1964 18.83
06/30/1964 18.87
03/31/1964 18.89
12/31/1963 18.66
09/30/1963 18.11
06/30/1963 18.07
03/31/1963 17.94
12/31/1962 17.19
09/30/1962 15.94
06/30/1962 15.78
03/31/1962 20.64
12/31/1961 22.43
09/30/1961 21.88
06/30/1961 21.33
03/31/1961 21.06
12/31/1960 17.77
09/30/1960 16.37
06/30/1960 17.46
03/31/1960 16.32
12/31/1959 17.67
09/30/1959 16.58
06/30/1959 17.20
03/31/1959 17.83
12/31/1958 19.10
09/30/1958 17.38
06/30/1958 15.44
03/31/1958 13.41
12/31/1957 11.87
09/30/1957 12.22
06/30/1957 13.85
03/31/1957 12.97
12/31/1956 13.69
09/30/1956 13.11
06/30/1956 13.05
03/31/1956 13.14
12/31/1955 12.56
09/30/1955 12.69
06/30/1955 12.74
03/31/1955 12.36
12/31/1954 12.99
09/30/1954 12.29
06/30/1954 11.15
03/31/1954 10.56
12/31/1953 9.88
09/30/1953 9.16
06/30/1953 9.62
03/31/1953 10.41
12/31/1952 11.07
09/30/1952 10.40
06/30/1952 10.67
03/31/1952 10.15
12/31/1951 9.74
09/30/1951 9.27
06/30/1951 7.71
03/31/1951 7.56
12/31/1950 7.19
09/30/1950 7.15
06/30/1950 6.96
03/31/1950 7.30
31/12/1949 7.22
30/09/1949 6.52
30/06/1949 5.90
31/03/1949 6.33
31/12/1948 6.64
30/09/1948 7.48
30/06/1948 9.00
31/03/1948 8.82
31/12/1947 9.50
30/09/1947 9.75
30/06/1947 10.56
31/03/1947 11.94
31/12/1946 14.43
30/09/1946 16.81
30/06/1946 21.94
31/03/1946 20.09
31/12/1945 18.08
30/09/1945 16.32
30/06/1945 14.96
31/03/1945 14.21
31/12/1944 14.28
30/09/1944 14.20
30/06/1944 14.11
31/03/1944 12.92
31/12/1943 12.41
30/09/1943 11.19
30/06/1943 11.23
31/03/1943 10.82
31/12/1942 9.49
30/09/1942 9.41
30/06/1942 8.47
31/03/1942 7.70
31/12/1941 7.49
30/09/1941 8.57
30/06/1941 9.04
31/03/1941 9.40
31/12/1940 10.08
30/09/1940 9.87
30/06/1940 9.60
31/03/1940 12.37
31/12/1939 13.88
30/09/1939 16.07
30/06/1939 14.29
31/03/1939 15.46
31/12/1938 20.64
30/09/1938 19.74
30/06/1938 15.01
31/03/1938 8.76
31/12/1937 9.34
30/09/1937 11.28
30/06/1937 13.16
31/03/1937 16.14
31/12/1936 16.84