NB: The Corporate Profits After Tax statistics includes all U.S. corporations, not just the S&P 500 base companies.
BTW, I don't believe in the nonsense called P/E, which always fails most pathetically when you need it most. There's, however, one indicator worse than that: it's the Shiller P/E, which uses time series of profits going back as much as ten years to history. What is the current forecasting power of the 2004 earnings? Zero, I'd say.
A white male with some professional experience in finance and investing.