i agree fundamentally but,..there is a hedge. and this is totally my opinion. i'm already doing this.
redirect a portion of funds into gold, physical and ETF's and if the investor is sophisticated options trading gold stocks.
the economy is cooling down and there has been a myriad of articles covering companies laying off employees and store closings so the writing is on the walls and it's time to protect oneself.
with the Fed and rising interests rates on the table companies can't borrow money any longer on the cheap so that will make it near to impossible for them to pay dividends.
JMHO
invest at your own risk, based on your own due diligence, at your own risk tolerance