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Not that I'm an economist, but there's more of an intuitive link between tax cuts -> profits -> stock market gains than there is between tax cuts -> ... -> underconsumption -> Great Depression.

Edit: Although after reading a bit more about this, it seems like you're on to part of the Keynesian explanation in which tax cuts are only partially responsible but goes something like tax cuts -> profits -> stock market gains -> overinvestment -> overproduction & underconsumption -> Great Depression. Although there are definitely some factors I left out there that have to do with their explanation for why it was the Great Depression that time around and not just a more typical recession, which they attribute to the same cycle which is supposedly inherent in capitalism without government intervention.

The market is at an all-time high because there is simply no other place to put money and see any reasonable interest.

With thinking like that you'll probably be wealthy some day.

Good analysis.

The market was on an all time high already back before the tax cut.