Tiesto, why do you feel that the market should tank? Historically speaking, valuations are very fair across the board, companies are increasing revenues and US companies have more cash on hand than they have in recent history.
Granted, there are some looming negatives such as housing and unemployment, which are going to take a lot of time to mend, but the markets have adjusted to this new bad housing and stubborn unemployment market era IMO.
I've seen the inflation arguments go both ways, one indicating that the increase in per capita productivity has absorbed a lot of the short term inflationary pressure, but I still anticipate that being a pretty significant factor starting sometime in 2012.
