Hehe..left wing kook. Of course there will always be a pullback that is how the market works. Only thing is the market does not know what it did yesterday.
If you mean drops and reckoning like in 1987 when it dropped to under 1000 or the 2009 drop below 7000. What ever the price is today it will be higher in 8 years. Markets get talked down so as they don't blow their whole load in one session or bull market.