Archman Investor

There are two ways to look at the record daily bankruptcy rate of 6,200 filings (up 25.3% Y/Y): The glass is half-empty (the jump fits seasonality and is the second-smallest Y/Y increase in the past few years, but it's still grim) - or the glass is entirely empty.

Absolutely Jeff. The simple truth of the matter is on of my favorite sayings: "Things take time to occur"

During that slow burn, people are fed massive amounts of lies from the financial media, those associated with the markets like asset gatherers or others, and finally, those average Americans (or Cramericans) who are just god awful investors that they pray each and every day that stocks keep going up, never caring or understanding that the only money moving the stock market up is FED easy money.

Right now I have done the following:
I have taken over half my positions off that i bought at S & P 750 and locked in massive profits : check
I am locking in very nice gains for the year: check
I can look at my portfolio and see that it is at 2009 levels, not 1999 levels like the majority of average Americans: big check.

That last point is the real measure of a portfolio and how you manage it and this is what 90% of Americans do not understand. They flap their arms and believe the liars on TV then only look to their recent gains and convince themselves they are smart. When in reality and over a long term time horizon, the majority of Americans have no business being invested in anything unless they are CD's at their local bank.

Lets ask Cramericans how they made out on that CIT call by the guy with 2000 stocks in his head. He said buy buy buy, and the stock lost 99% of its value.
Zero accountability.

On Nov 03 07:22 PM Jeff Nielson wrote:

> The only possible way that this data can be looked at other than
> being 100% negative is if you accept the "spin" that "the worst is
> over" and all that is left is some residual damage from the "Great
> Recession".
>
> In reality, the U.S. Greater Depression is still in its infancy -
> and seeing bankruptcies ALREADY at this level (despite how difficult
> it is to execute a personal bankruptcy in the U.S. now) is terrible
> news.