Category Archives: Defeat

The Bears’ Escalator

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If there’s one fund that neatly captures the suckitude of being a bear the past 2.5 years, it is the Ranger Equity Bear ETF. It describes itself thusly: “The investment seeks capital appreciation through short sales of domestically traded equity securities. The Sub-Advisor seeks to achieve the fund’s investment objective by short selling a portfolio of liquid mid- and large-cap U.S. exchange-traded equity securities, The Sub-Advisor implements a bottom-up, fundamental, research driven security selection process that seeks to identify securities with low earnings quality or aggressive accounting that may tend to mask operational deterioration and bolster the reported earnings per share over a short time period.”

Well, the bottom-up, fundamental, research-driven security selection produces results like those below, which is no surprise, in a centrally-planned economy like ours (and take note, this is not a leveraged fund!) The brief lifts in 2011 and 2012 have given way to a steady descent, topped off nicely by today’s lifetime low, as Yellen has her tiny hands around the market’s neck.



A Change in Tone

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“Well, you see Willard . . . In this war, things get confused out there, power, ideals, the old morality, practical military necessity. But out there with these natives, it must be a temptation to be god. Because there’s a conflict in every human heart, between the rational and the irrational, between good and evil. And good does not always triumph. Sometimes, the dark side overcomes what Lincoln called the better angels of our nature. Every man has got a breaking point. You and I have one. Walter Kurtz has reached his. And very obviously, he has gone insane.”


The Marty Meme

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I have decided that whenever the market gets too annoying for words, I shall strike back the only way I know how: with the most obnoxious couple ever broadcast: Marty the creepy puppet and Ron the child-porn-loving canibal-fantasy guy. The market deserves nothing more. I used it in the comments section in the prior post, and the market instantly and obediently stopped going up and began heading lower, as God intended. Be warned, market. Marty is at my disposal.