The short-selling fund, symbol HDGE, sums it up nicely. The year was fantastic for the bears…for a little while. Every since February 11, which feels like about fifty years ago, it’s been a complete ugly-show. I’m starting to think it’s going to be this way in perpetuity.

The killer is that there is a plethora of amazing short setups for individual stocks, but none of them are going to amount to jack squat as long as the market keeps getting drifted higher day after day. It’s a drag.