You know the one I am talking about. The one that calculates the valuation of the S&P500. Does this seem normal to anyone? <img src='http://www.bullandbearwise.com/SPEarnings.asp'> * When this chart gets updated it will be well over 140 By the way, the P/E ratio has NEVER been this high. How in the heck are earnings going to catch up to these crazy valuations?