Yes PJ which was 2,709 odd..By Date these equate to:PE = S&P500...

Yes PJ which was 2,709 odd..

By Date these equate to:

PE = S&P500 = DOW = DATE

10X = 575 = 5,580 = March 1996
8X = 460 = 4,460(highest previous) = May 1995
7X = 400 = 3,880(average previous) = Feb 1993
6X = 350 = 3,400 = May 1992
5X = 300 = 2,910(lowest previous)= July 1990

If holds true I am not so sure we will get to 5x earnings but PE of 7X doesn't sound too unrealistic.