Pessimist means someone who is downbeat. For instance: He is a pessimist means he is always thinks bad things will happen to him or he is always see the dark side of something. The adjective of it is : pessimistic
He is pessimistic.
He is a pessimist.
He is downbeat.
About your question it means: It's late to think about bad thing or see a bad side of that.
Hope it helps