The PE on S&P 500 is 18 : http://finance.yahoo.com/q?uhb=uh3_finance_vert&fr=&type=2button&s=SPY http://finance.yahoo.com/q?uhb=uh3_finance_vert&fr=&type=2bu...

The PE on S&P 500 is 18 : http://finance.yahoo.com/q?uhb=uh3_finance_vert&fr=&type=2button&s=SPY http://finance.yahoo.com/q?uhb=uh3_finance_vert&fr=&type=2bu... The PE on Technology Select Sector SPDR ETF is 19 : http://finance.yahoo.com/q?uhb=uh3_finance_vert&fr=&type=2button&s=XLK http://finance.yahoo.com/q?uhb=uh3_finance_vert&fr=&type=2bu... Based on this measure, tech and general market are priced similarly.