minack says the PE on s&p is 56
the pe is on the asx is 10.39
here is the pe for s&p going back to 1936
makes you think it is anomaly or perhaps he has made a mistake
there is no historical precident
dotcom comes close maybe
31 06/30/2002 37.02
32 03/31/2002 46.45
33 12/31/2001 46.50
34 09/30/2001 36.77
35 06/30/2001 33.28
