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