He represents the herd/cnbc view, which is always right until the market gets punished. People have been screaming at him, telling him how stupid he is but his calls have been right simply because making money in a bull market has nothing to do with how smart you are (smart people tend to be pessimistic, ie bearish bias, in my experience). Bad news? Like he said it doesn't matter, no-one cares, not yet anyway. When the sentiment changes it will be interesting to see what he does.
*Not implying that you are stupid Stock. Just that it doesn't take much brains to buy the leaders in a bull market.*