Thoughts on the 'buy the dip' mentality in this environment

Been seeing a lot of chatter about just mindlessly buying every dip across the board, especially in the US tech names. I get the historical data points – it's worked for a long time, particularly since the GFC. But I'm starting to wonder if people are underestimating the current macro picture and the potential for a more sustained, deeper correction.

Interest rates are actually meaningful now, QT is real, and the easy money era is over. Comparing today's market to, say, 2015 or 2017 feels like comparing apples to oranges. Are we really in a 'buy the dip' setup when the very mechanics that inflated these valuations are being unwound? Or are we just seeing the tail end of a cycle where people are so conditioned to jump in that they're ignoring the writing on the wall? Look, I'm not predicting doom, but I do think a lot of retail and even some institutional money is relying too heavily on past performance in a completely different paradigm. Change my mind. Tell me what I'm missing here.