Overall, your post is more a critic on investment in this period rather than against index funds. Except for the presence of tech, which I'm not sure is this bad for people willing to take measured risk.
>there's too much cash being printed
Agreed, but then why hold on to cash until the election rather than buy gold or similar?
Sure, I totally plan to return to the index when it seems to make sense so you're right, it's only a bad investment (imo) right now.
I have other investments in web entities (think reddit style aggregation sites) in niches that tend to do well in downturns. They're pretty much a very small fixed cost for me every month (spot instances on AWS ftw) and can be cut off at any time. I feel safe holding cash (and its deflation) because the profit from those is no longer seeding indexes but being stacked on my cash pile. Ideally keeping my overall cash from deflating.
>there's too much cash being printed
Agreed, but then why hold on to cash until the election rather than buy gold or similar?