He does spend a paragraph before that talking about the state of the Dow and a lot later on how companies will manage their earnings, so I went with the parent posters interpretation. But you're right, I could have misinterpreted.
Also, I don't know his trading positions. I just find these statements that are _so_ certain to be mildly irritating, when it's been clear for a while that no one really has a knows what is going on or how to fix it.
Granted, but the truth is, no one has any clue what's going on, ever. And yet, "Who the hell knows what will happen?", despite being always truthful, is not really good advice at any time. It doesn't matter what the state of the economy is - no one knows what will happen next.. if they did, they could make some good bets on the stock markets and become rich. All that anyone ever has is opinions.
I think that opinion pieces would get tedious fairly quickly if they were constantly paraphrased with "imho"s...
You have to have absolute knowledge to know if someone else has absolute knowledge. In the end you have to take people's words on things based on their acquired and intuitive knowledge.
Also, I don't know his trading positions. I just find these statements that are _so_ certain to be mildly irritating, when it's been clear for a while that no one really has a knows what is going on or how to fix it.