Banks are weak every day it seems . Wfc is hitting or near new lows daily.Still a dribble down . One day soon they'll let the mkt fall with more authority .We've been up in the 2800-2900 for a long time now .
I understand your point. I think he has remained honest, although very committed to his views (right or wrong). It was difficult to go back and check all those trades because not all were updated when stopped, but the 400 point loss he wrote seems to be close to what it was from end of feb to end of march. There were some later large winners, and upon re-reading, a few of the losses probably could have been mitigated with stops moved to breakeven. But yes he was calling for only long trades during a very severe down move, which overall during that time was a losing endeavor, and probably even more so for many others. However the bull move since april has likely been very good to him as he remained long and support held many times since then.
Bond price moves inverse to the yield, so if Uncle Sam buys to drive up the debt then companies can refinance at lower interest rate. Sounds like a bailout to me.