Let me summarize his view for you, and in his own words (with some mine, of course):
1
Many companies are way overvalued. (Shit, I wish people would way overvalue me...)
2
It's a false market out there propped up by the Fed. (So what you'd like to think as a free economy is actually a tightly controlled planned economy which you have been taught to hate.)
3
Investors should be cautious.
4
Interest rate should and would go up (soon, eventually, or whatever or whenever...)