==It seems nearly everyone always believes that a recession, big disaster slowdown, market crash, Etc is "right around the corner." And for the last 10 years they have been wrong in the macro sense :-).==

This isn't accurate, you are implying that people have been calling for a recession since before the last recession ended in June 2009. That doesn't pass the smell test.

==Where companies will have to prove that a cruel and unemotional market will agree with their lofty valuations.==

The claim that the market is "unemotional" is laughable. If that were the case everything would be properly valued based on the exact same criteria. For example, Elon Musk saying something controversial doesn't change the underlying business fundamentals of TSLA, but it sure moves the stock price. An "unemotional" market wouldn't react to an expected Fed action like they are right now (S&P down 2.1%).