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Problems charting the P/E 10, P/E 15, and P/E 20 levels
I recently read an article with charts by Carl Swenlin of DecisionPoint. He was showing the S&P 500 relative to its P/E 10 (undervalued), P/E 15 (fairly valued) and P/E 20 (overvalued) levels. The S&P 500 is now at a P/E of 25+, which is extremely overvalued. I believe that only one time before, in 2000, has the $SPX reached a P/E of more than 25 when earnings have not been plummetting.
I'm trying to duplicate Carl's chart for my readers, but I am unable to chart the three PE levels as Carl did. I have attached Carl's original chart (image01) and my chart with settings (image02). The P/E 10 is !GAAPSPX10, P/E 15 is !GAAPSPX15, and P/E 20 is !GAAPSPX20. In my chart, all three PE levels fall on top of each other behind the chart of the $SPX.
Ideas, please? Thank you.