“What really cracked me up is privatebanker’s post criticizing PS because the bear funds PS identified have fallen over recent years (as the markets have climbed).

Makes me wonder if privatebanker figures a “good” bearish fund should RISE in a rising market? Seems a bit clueless. ”

I said that first of all, those two funds have been ineffective thus far. Sure the markets have been in somewhat of a bull market since they were incepted however, they haven’t turned over a dime. Putting all of your retirement money into a speculative strategy such as that is crazy. Most of those bear funds are good hedges for your portfolio but they aren’t meant to be your core holding.

You might want to read the entire post next time before calling someone clueless. I’ve been in the private banking industry for a very long time and have seen all kinds of market cycles.