Inevitabley the markets will crash. They always do. Human psychology moves from fear to greed and then back.

Right now, the atmosphere seems to have a lot of fear. No end of articles talking about a correction or crash in the press. So I think we are still in the "fear" zone. As soon as people forget about crashes, we'll be back into greed area, and then the crash risk is imminent.

However, in the last 2 big market crashes, the US gov't has always been able to engineer a recovery using interest rates and money printing. The big worry now is that - if they don't get things back to normal before the pendulum swings - there will be no tools left to them when a crash occurs.

However, if they manage to hike rates without any big disasters, that could be avoided.

So goes the conventional theory. Basically, the economy has been in complete unchartered territory since 2009, so there's a lot of if's and could's. The best answer is that nobody knows how it will work out , just that it will be interesting to see either way how things go.