absolutely excellent analysis and reasoning you have supplied.
my only input would be,...
1- was there, at the points on the chart and the various years you illustrated, a parallel circumstance that equals the sub-prime/realestate bubble that this coming year will be faced with in those years ?
2- did this economy have to navigate through the mess this economy is in now because of this house of cards built by the subprime crisis in those years you illustrate ?
3- do you think that it, the sub-prime crisis/realestae bubble, matters or even is a factor in the potential rally you feel is on the way ?
TIA for you reply