But market will have pullback in near term. If the SPX doesn't break 1030 ( the first Fibonacci support), we are just fine. Otherwise,the equity market may have more serious problems. Global investors' appetite to emerging market is dropping fast because of European debacle and Dubai debacle. They are withdrawing money as fast as they can from emerging markets, that include China. In the short term, the market will drops as US dollar rises. In the long term, it will benefit US greatly.