Are you kidding? I love reading what he has to say. I've done the opposite and it's been fantastic! Tell me another signal that works 99% of the time (though in inverse). There are no limits to the man's stupidity.
True - it doesn't even matter if he's "stupid"...in fact everyone should stop insulting him, so we can really pay attention to his "predictions". This guy loves to predict...but you'll notice when we get selling days in a row, he kind of goes away. Then we get 1 positive day (1 is usually all it takes), he's back in full force, pretending he's going all in. A great indicator indeed.
BTW, here is an article in today's WSJ that outlines how Sweden battled and defeated deflation. It was very tough medicine. If I remember correctly, they borrowed over 20% if GDP to get there: How Sweden Beat Deflation