2002 til Nov 2018 – layer upon layer upon layer
This year over year line only broke “down” twice
a) in 2008 (crashing down thru previous 2 years prices – AND THEN wholly recovering and returning to full-blast appreciation in 2009 under zero% monetary policy)
b) Q4 2017.
2018 returned to the seasonal pattern” -Spring Blossom, Summer Lull & Fall Rally
It’s a matter of opinion (no one is right) whether Prices Flat or Up or Down is the best-guess for 2019
I removed the Double Digit “Irrational Exuberance” of July 2016-June 2017