Archman Investor

New Bullish Signals Emerge

Chris:

The bottom line is this:

You buy stocks when nobody wants them and when everybody wants them you say:
"Here, take mine."

Average mom and pop Americans are going to get destroyed when this market corrects.

The comments, articles and their links you provided were from 2008, when I was talking about 2009.

Here is your article from March 2009:
seekingalpha.com/artic...
April 1, 2009
seekingalpha.com/artic...
April 8, 2009
seekingalpha.com/artic...

When fear was the greatest you yourself were not recommending stocks. Now that the market is up 45% from then low, you are now bullish as all get out.

This is why the asset gathering business is flawed. As a professional in this field you should have been buying when other were selling, buying when the likes of CNBC were finally telling people to sell at S & P 680 after they kept telling people to buy the entire way down. Now I understand that your clients may vary in age, investment tolerance, etc, however for those under 50 who need a retirement that does not include working at Wal-Mart, I would think people should have been buying stocks (maybe not hand over fist) under S & P 700.

The following from my above post are 100% true:
<<Almost 95% of companies earnings were from asset sales, layoffs, and every other cost cutting measure under the sun. Revenue at most companies was down 30% YOY.
Unemployment continues to go up.
The dollar continues to get destroyed.
Debts are still being defaulted on at an alarming rate>>

Yes, these markets are going higher simply because there are those who want the market to go higher.
However, when the time comes that those "powers that be" decide that the markets are to go lower, then those average americans getting in now are going to once again get their heads handed to them.

Chris, I am not in the investment business nor would I ever claim to be smarter than anyone around here, especially those who do this for a living. However I always ask myself, as a non professional manager of my own money, why is it that as of today the value of my self managed portfolio of stocks is about where it was back in early 2008, while the average Americans is at 1999 levels? Probably because I learned long ago, when to buy, when to sell, what to buy, and the "real" secret of investing:
The goal is to create "consistent", "sustainable", long term wealth creation over time.
Not chase performance or listen to those on TV or in print, who have no vested interest in my future regardless of how they appear to act.