When observing Zeev's bearishness one question has to be asked. How much did Zeev lose today while continually being bearish? The answer of course is nothing - he made money as he never shorts and while he could have made more money being clown long, he nevertheless made money today. The amazing thing is on the down days when us super shorters do well, Zeev still seems to make money or at least limit losses through intraday trades.
While I don't know anyone who makes better calls day in and day out I believe the fact that "he doesn't really feel the pain" sometimes leads to missing some of these super rallies like Fall 2002 and Fall 2001.
While the fundamentals do not look good at all, this rally may have some legs. I plan on getting short again soon however.