Soooooo...when all stop fighting Le Fed, then what?
When all are on their knees with heads bowing down and arms forward, then what?
More froth? Forever?
The actual answer is any correction of 20% or more would generate some too-big-to-fail propaganda which would trigger the next phase of the crackup boom. The politicians would be pounding on the Fed to print so they can spend as they would declare Keynesianism to be law of the land and various peoples would make sure dollars stay in demand worldwide.
Personally I think we have a bunch more moderate correction / Keynesian bull market phases ahead of us. Even looking at the chart above, it looks pretty strong to me on a purely technical basis.