Anyone who is 100% invested in the market should seriously consider re-balancing their portfolio.
"Buying on the dip" is a fancy term for market timing. This is also not sound strategy, although when it works, it works great. If on Friday you bought on Thursday's dip you lost money.
Announcing "we're pretty close to the bottom right now", without any supporting justification, is nothing more than a guess. The President is pursuing a strategy that hasn't been implemented since before Warren Buffet was born. There is no way to tell how the market will perform over the short or medium term.
Wishing for a recession is not an economic policy I support, especially when the goal is to bring back the good old days. No one will argue that $50k for a car is expensive, but it's unclear how a recession will bring prices down. Penny candy is never going to cost a penny again. How big of a recession is needed to make the price of a car $30,000?
"America is taking a risk and not playing it safe" and "Sacrifice isn't in our vocabulary as a country anymore" are true statements. Hopefully, the nation doesn't find out what those words really mean.