These jerk-holes get fired all the time. If he's missed the entire move than why not put it all on Red, and then run his flap on TV in a last ditch effort to save in job. It's a coin flip bet. He can always get another job.
What an idiot. This is exactly what gets the investing public in trouble, listening to whimsical bears and their plans for a lower market. They just wish they would have covered at that level. That's all. It's not going there for...well, probably forever. The market won't ever become that irrational again, because that puts the price to book ratio at 0.5, which means you could buy the whole market, sell off everything, and double your money. That's the main reason we rallied this far, and it isn't that we rallied too far too fast than that we should have never gone to those levels in the first place. As Haines put it, "This is stupid."
When you average all the extreme bears with everyone else, you will find that such prognostication has no value It is like psychics. They harp the prediction they accidentally got right, and are silent about the 50 they got wrong...
except they often make the predictions so broad (like Nostradamus), that they can be declared "right" in many different circumstances...