Script looping when no element is present on page

In this script towards the bottom is the 'blink' function.  The problem with it is that if the element with id 'blink' is not on the page (which it won't be until user add item to basket) then the script keeps looping ad infinitum whilst it looks for the element.  How could I modify the code so that it gives up after one loop if the element's not there?

var floatingMenu =
{
    hasInner: typeof(window.innerWidth) == 'number',
    hasElement: typeof(document.documentElement) == 'object'
        && typeof(document.documentElement.clientWidth) == 'number'
};

var floatingArray =
[
];

floatingMenu.add = function(obj, options)
{
    var name;
    var menu;

    if (typeof(obj) === "string")
        name = obj;
    else
        menu = obj;
        

    if (options == undefined)
    {
        floatingArray.push( 
            {
                id: name,
                menu: menu,

                targetLeft: 0,
                targetTop: 0,

                snap: true
            });
    }
    else
    {
        floatingArray.push( 
            {
                id: name,
                menu: menu,

                targetLeft: options.targetLeft,
                targetRight: options.targetRight,
                targetTop: options.targetTop,
                targetBottom: options.targetBottom,

                centerX: options.centerX,
                centerY: options.centerY,

                prohibitXMovement: options.prohibitXMovement,
                prohibitYMovement: options.prohibitYMovement,

                snap: options.snap,
                ignoreParentDimensions: options.ignoreParentDimensions,

                scrollContainer: options.scrollContainer,
                scrollContainerId: options.scrollContainerId
            });
    }
};

floatingMenu.findSingle = function(item)
{
    if (item.id)
        item.menu = document.getElementById(item.id);

    if (item.scrollContainerId)
        item.scrollContainer = document.getElementById(item.scrollContainerId);
};

floatingMenu.move = function (item)
{
    if (!item.prohibitXMovement)
    {
        item.menu.style.left = item.nextX + 'px';
        item.menu.style.right = '';
    }

    if (!item.prohibitYMovement)
    {
        item.menu.style.top = item.nextY + 'px';
        item.menu.style.bottom = '';
    }
};

floatingMenu.scrollLeft = function(item)
{
    if (item.scrollContainer)
        return item.scrollContainer.scrollLeft;

    var w = window;

    // Find top window scroll parameters if we're IFRAMEd
    while (w != w.parent)
        w = w.parent;

    return this.hasInner
        ? w.pageXOffset  
        : this.hasElement  
          ? w.document.documentElement.scrollLeft  
          : w.document.body.scrollLeft;
};

floatingMenu.scrollTop = function(item)
{
    if (item.scrollContainer)
        return item.scrollContainer.scrollTop;

    var w = window;

    // Find top window scroll parameters if we're IFRAMEd
    while (w != w.parent)
        w = w.parent;

    return this.hasInner
        ? w.pageYOffset
        : this.hasElement
          ? w.document.documentElement.scrollTop
          : w.document.body.scrollTop;
};

floatingMenu.windowWidth = function()
{
    return this.hasElement
        ? document.documentElement.clientWidth
        : document.body.clientWidth;
};

floatingMenu.windowHeight = function()
{
    if (floatingMenu.hasElement && floatingMenu.hasInner)
    {
        // Handle Opera 8 problems
        return document.documentElement.clientHeight > window.innerHeight
            ? window.innerHeight
            : document.documentElement.clientHeight
    }
    else
    {
        return floatingMenu.hasElement
            ? document.documentElement.clientHeight
            : document.body.clientHeight;
    }
};

floatingMenu.documentHeight = function()
{
    var innerHeight = this.hasInner
        ? window.innerHeight
        : 0;

    var body = document.body,
        html = document.documentElement;

    return Math.max(
        body.scrollHeight,
        body.offsetHeight, 
        html.clientHeight,
        html.scrollHeight,
        html.offsetHeight,
        innerHeight);
};

floatingMenu.documentWidth = function()
{
    var innerWidth = this.hasInner
        ? window.innerWidth
        : 0;

    var body = document.body,
        html = document.documentElement;

    return Math.max(
        body.scrollWidth,
        body.offsetWidth, 
        html.clientWidth,
        html.scrollWidth,
        html.offsetWidth,
        innerWidth);
};

floatingMenu.calculateCornerX = function(item)
{
    var offsetWidth = item.menu.offsetWidth;

    if (item.centerX)
        return this.scrollLeft(item) + (this.windowWidth() - offsetWidth)/2;

    var result = this.scrollLeft(item) - item.parentLeft;
    if (item.targetLeft == undefined)
    {
        result += this.windowWidth() - item.targetRight - offsetWidth;
    }
    else
    {
        result += item.targetLeft;
    }
        
    if (document.body != item.menu.parentNode
        && result + offsetWidth >= item.confinedWidthReserve)
    {
        result = item.confinedWidthReserve - offsetWidth;
    }

    if (result < 0)
        result = 0;

    return result;
};

floatingMenu.calculateCornerY = function(item)
{
    var offsetHeight = item.menu.offsetHeight;

    if (item.centerY)
        return this.scrollTop(item) + (this.windowHeight() - offsetHeight)/2;

    var result = this.scrollTop(item) - item.parentTop;
    if (item.targetTop === undefined)
    {
        result += this.windowHeight() - item.targetBottom - offsetHeight;
    }
    else
    {
        result += item.targetTop;
    }

    if (document.body != item.menu.parentNode
        && result + offsetHeight >= item.confinedHeightReserve)
    {
        result = item.confinedHeightReserve - offsetHeight;
    }

    if (result < 0)
        result = 0;
        
    return result;
};

floatingMenu.computeParent = function(item)
{
    if (item.ignoreParentDimensions)
    {
        item.confinedHeightReserve = this.documentHeight();
        item.confinedWidthReserver = this.documentWidth();
        item.parentLeft = 0;  
        item.parentTop = 0;  
        return;
    }

    var parentNode = item.menu.parentNode;
    var parentOffsets = this.offsets(parentNode, item);
    item.parentLeft = parentOffsets.left;
    item.parentTop = parentOffsets.top;

    item.confinedWidthReserve = parentNode.clientWidth;

    // We could have absolutely-positioned DIV wrapped
    // inside relatively-positioned. Then parent might not
    // have any height. Try to find parent that has
    // and try to find whats left of its height for us.
    var obj = parentNode;
    while (obj.clientHeight < item.menu.offsetHeight)
    {
        obj = obj.parentNode;
    }

    var hasHeightOffsets = this.offsets(obj, item);

    item.confinedHeightReserve = obj.clientHeight
        - (parentOffsets.top - hasHeightOffsets.top);
};

floatingMenu.offsets = function(obj, item)
{
    var result =
    {
        left: 0,
        top: 0
    };

    if (obj === item.scrollContainer)
        return;

    while (obj.offsetParent && obj.offsetParent != item.scrollContainer)
    {  
        result.left += obj.offsetLeft;  
        result.top += obj.offsetTop;  
        obj = obj.offsetParent;
    }  

    if (window == window.parent)
        return result;

    // we're IFRAMEd
    var iframes = window.parent.document.body.getElementsByTagName("IFRAME");
    for (var i = 0; i < iframes.length; i++)
    {
        if (iframes[i].contentWindow != window)
           continue;

        obj = iframes[i];
        while (obj.offsetParent)  
        {  
            result.left += obj.offsetLeft;  
            result.top += obj.offsetTop;  
            obj = obj.offsetParent;
        }  
    }

    return result;
};

floatingMenu.doFloatSingle = function(item)
{
    this.findSingle(item);

    var stepX, stepY;

    this.computeParent(item);

    var cornerX = this.calculateCornerX(item);

    var stepX = (cornerX - item.nextX) * .07;
    if (Math.abs(stepX) < .5 && item.snap
        || Math.abs(cornerX - item.nextX) == 1)
    {
        stepX = cornerX - item.nextX;
    }

    var cornerY = this.calculateCornerY(item);

    var stepY = (cornerY - item.nextY) * .07;
    if (Math.abs(stepY) < .5 && item.snap
        || Math.abs(cornerY - item.nextY) == 1)
    {
        stepY = cornerY - item.nextY;
    }

    if (Math.abs(stepX) > 0 ||
        Math.abs(stepY) > 0)
    {
        item.nextX += stepX;
        item.nextY += stepY;
        this.move(item);
    }
};

floatingMenu.fixTargets = function()
{
};

floatingMenu.fixTarget = function(item)
{
};

floatingMenu.doFloat = function()
{
    this.fixTargets();
    for (var i=0; i < floatingArray.length; i++)
    {
        this.fixTarget(floatingArray[i]);
        this.doFloatSingle(floatingArray[i]);
    }
    setTimeout('floatingMenu.doFloat()', 20);
};


floatingMenu.insertEvent = function(element, listener, handler)
{
    var oldHandler = element[listener];
    element[listener] = function (e)
        {
            e = (e) ? e : window.event;
            var result = handler(e);
            return (oldHandler != undefined) 
                && (oldHandler(e) == true)
                && (result == true);
        };
};

floatingMenu.init = function()
{
    floatingMenu.fixTargets();

    for (var i=0; i < floatingArray.length; i++)
    {
        floatingMenu.initSingleMenu(floatingArray[i]);
    }

    setTimeout('floatingMenu.doFloat()', 100);
    timer = setInterval('blink()', 200);            // activate blink function
};

var i = 1,timer;
function blink() {
 if (i<10) {
        if (i%2 == 0) { 
              document.getElementById('blink').style.backgroundColor = '#D9789F';
         } else {
              document.getElementById('blink').style.backgroundColor = '#FFFFFF';
         }
 } else {
      document.getElementById('blink').style.backgroundColor = '#FFFFFF';
      clearInterval(timer);
  }
 i++;
}


// Some browsers init scrollbars only after
// full document load.
floatingMenu.initSingleMenu = function(item)
{
    this.findSingle(item);
    this.computeParent(item);
    this.fixTarget(item);
    item.nextX = this.calculateCornerX(item);
    item.nextY = this.calculateCornerY(item);
    this.move(item);
};

floatingMenu.insertEvent(window, 'onload', floatingMenu.init);

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