This did not come out the way I think it would. My intent was to show that yesterday's jump of 400 points in the DJIA based on central banks moving money around really didn't matter, because ultimately it is production that matters. Thus the ratio of the S&P 500 to GDP.
Apparently based on this, the markets are somewhat sanely valued. Not enough to provide you guys with perpetual 12%+ a year in price increases so you can all retire magically at 62. But it's not as insanely overvalued by this measure as it is say, earnings, or more importantly, dividends.
But never mind those stupid nasty dividends. Who needs them anyway?