thanks for the link - this one below is quarterly, even given the meltdown how can PE have contracted from this level to the level on your link?
http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_500/2,3,2,2,0,0,0,0,0,0,7,0,0,0,0,0.html
the 17 times earnings I quoted is from Bloomberg
possibly the bottom , page-9
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