All traders will short the market relentlessly in the present economic climate - and will make lots.
They don't care about Joe Public, most of whom are unaware that it's possible to make money in this sort of downturn.
More than that, because markets crash faster than they climb, they can make more money and faster.
Thi guy is totally legit - he's just being more honest than most.
I just hope he's wrong about the long-term outlook though - this could make 2008-9 seem like a picnic.