[Kenton]

Glum trader who missed most of the upside is now convinced the market will only go down for the rest of the year.

So he didn't see the upside coming, or was in denial about it while it's been going on, but now his crystal ball is working?

A downward swing of 100 points is not all that unusual. Neither is an upward swing of 100+. Closing down on a Friday does not mean the market is collapsing. It means it will be UP Monday.

[AxelPaulsenJr]

Funny, you never see stories like this when the market goes up 150 points in a day.