GSCI/S&P500 ratio: equities expensive, commodities cheap?

[clacy]

Would you say this more or less accurately describes your profit margins without depreciation? https://fred.stlouisfed.org/graph/?g=jiC5

Close enough

 

[Maverick1]

Awesome chart, amazing to see how many HF managers going off the equities cliff at 80 mph: Paul Tudor Jones, Steve Cohen et al with their "quant" efforts. It's going to be an interesting next few years...