Have to say, that, despite what seems obvious, that we'll have inflation and an expanding Fed balance sheet forever, is that pullbacks will still happen, and the longer we go without a true correction, the more massive a fall we'll experience..
This speaks directly to the lack of knowledge that the Greenspend's/Bernanke's of the world have in regards to markets because they've prob never opened and closed a trade..
That is, they don't understand the true pyschology of the markets because they've never actively participated in them, yet they THINK they understand...
Fact is, the BEST thing they could do at this point, although it'll never change the long term outcome, is to let the markets CORRECT. They can step in whenever they want to control the damage, but it would, shorter term (1-3 years, imo), allow markets to continue a move up in a more healthy technical environment..