Now for the kicker... Where can we get quotes
for the current PE10... or is this something that we all have to
calculate for ourselves? If we have to calculate it ourselves, how? Please give me a simple formula... AND a link to a website where I can easily find the PE data for multiple years.
You can use the Stock Returns Predictor (button on left side) at my site to convert between P/E10 and the current S&P500 level.
The S&P500 dividend yield makes an excellent alternative to P/E10. I have not calculated a conversion factor between P/E10 and the dividend yield. (I have a button at my site with S&P500 Dividends. You can get the gist of how today's dividend yields compare.)
The basic source of information is Professor Robert Shiller's Online Data at his web site. His data has a graph of P/E10 versus calendar year.
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http://www.econ.yale.edu/~shiller/
Have fun.
John Walter Russell
