if you watched the fear indicator of the market (^VIX at yahoo), you should have seen the massive spike of fear at the end of february and beginning of march, and you would have known that that usually indicates at least a short term market bottom. The right strategy was thus to long the market, not short it for the short term. Of course the fear indicator does not tell what will happen in long term. For the long-term, the market may go higher or lower, and JG may still prove to be correct.
