According the latest Barrons Market Laboratory data , last weeks DJ Ind Avg Pe was 86.05. Thats because the DJI is loaded with fabulous growth stocks like GM, Citicorp, Amer Express, etc. : - )
Actually I thought the Barrons article was pretty bullish since it mentioned that robot penetration was less than 25%. Also procedure penetration was only about 21%. However >50% growth rates probably won't prevent lots of dummies from selling on Monday.