Individual investor. I have survived the downturn with minimal damage because I do not let the Wall St brokers or firms touch my money. I have been accused of being a gold bug, but gold has more than doubled my money while the elite of Wall St were losing 50%. So that puts me 400% ahead of the the money managers on Wall St. I follow gurus like Soros, Icahn, Jimmy Rogers, John Paulson, David Einhorn and Paul Tudor Jones.
I have recently become a more active trader to try to boost my returns. As interest rates spiked to 3.0%, most bond funds got slammed. Interest rate risk is now a primary concern for both bonds and the market.
80% of trades on the market are made by HFT-bots. When everything has disconnected from fundamentals, the only thing you can do is follow the smart money, and pray.