YHOO up over 60% after S&P inclusion
No, the P/Es of most companies with earnings were 100ish at the peak in 2000. Just like Google's P/E was 100 early this year. And all the way down the long two-year collapse of the 2000 bubble there were jokers saying hey the P/E is only 70, the P/E is only 50, the P/E is only 35, it's a bargain now.
Good luck with that.