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No, because people are more afraid of being out of the market than in the market and think that Yellen and the Fed will continue to support the market for years if that is the case.
The market may experience another short drop (10%) similar to that of July 2011 when S&P downgraded US credit from AAA to AA+. Not sure how this time will play out. Other countries and business are urging Washington to get their acts together.
Reply to @Charles: Why not? For many years or decades the US have been quite vocal in telling the Emerging Markets to get their act together but for the past 5+ years the tables have been reversed. Are we too arrogant and proud to take a bit of our own medicine? And come on - US citizens around the country feel the same way that what's going on in Washington is like kids having a play fight.
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