Excellent post! Pretty much reflects my thinking as well.
BTW in addition to the papa 1987 crash I recall that we had a "mini crash" in 1989 when the markets dropped something like 5% in a single day.
If we do crash I suspect it will be of the "mini" variety.
“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi