Old guy complaining about his 401k  

Old guy, 

You are missing something glaring ...

The market was going up at a rate that far outpaced earnings and rational increase as viewed by history.

You are complainign that you are "Down x%" from teh high ... The high was a bubble. Deal with it. It will come back, in time, the way it always has. But to try to blame Biden for the market correcting, which it was due to, is again, nuts.