Lest Anyone Was Cornfuzzzed

Take A Stand!!

A Bull Market is a financial market of a group of securities in which prices are rising or are expected to rise.

Bull markets are characterized by optimism, investor confidence and expectations that strong results should continue.

Bull Market :: Good

A Bear Market is a condition in which securities prices fall and widespread pessimism causes the stock market’s downward spiral to be self-sustaining.

Bear Market :: Bad

So, this:

That’s a bronze statue of a little girl — looks to be about six or eight — standing in defiance of the bronze Bull statue on Wall Street.

In opposition to The Bull.

They call it “Fearless Girl”.

State Street Global Advisors, which manages some $2.5 trillion in assets, signaled its solidarity with International Women’s Day … a roughly 50-inch-tall bronze statue of a defiant girl in front of Wall Street’s iconic charging-bull statue…

Fearless Girl is part of State Street’s campaign to pressure companies to add more women to their boards.

A company managing $2.5 trillion in assets sponsored a statue of a “defiant” child standing against an optimistic market.

Divest! Divest!! Divest!!!

oh, and…

The fund managers at State Street don’t pick stocks. As such, State Street is what’s known as a “passive” manager, meaning that all its various funds track the performance of indexes. As a result, its managers don’t have the ability to choose not to invest in a particular company: They do as the index dictates. In recent years, as more and more money has gone into passive funds, there’s been a burgeoning worry that it is undermining the power that investors have to shape society; one widely circulated report put out by the money-management firm Sanford Bernstein was titled “The Silent Road to Serfdom: Why Passive Investing Is Worse Than Marxism”.


The social function of active management, in a capitalist society, is that it seeks to direct capital to its most productive end, facilitating sustainable job creation and a rise in the aggregate standard of living. And rather than be guided by the Invisible Hand and profit motive, capital allocation under Marxism is conducted by an oh-so-visible hand aimed at producing use-values that satisfy each member of the society’s needs. Seen through this lens, passive management is somewhat tantamount to a nihilistic approach to capital allocation.

any dots here?


  1. drew458
    Posted March 16, 2017 at 8:49 am |

    Am I stupid this morning or something? Somebody please tell me how
    “… to direct capital to its most productive end, facilitating sustainable job creation and a rise in the aggregate standard of living.”
    is WORSE than Marxism. Because to me, it sounds like perfectly unbiased, no political agenda, investment. Investment in proven winners.

  2. drew458
    Posted March 16, 2017 at 9:02 am |

    Crivens, I guess I am. Never mind.

    I got thrown trying to figure out what a nihilistic approach was. Because investing without a moral compass would seem to mean investing in profitable companies without regard to the products they make. So buy stock in defense contractors and morning-after abortion pill makers, snuff porn and holy water filter makers, IF they’re making money. Which sounds very much like active management. Unless nihilistic is used here to mean a thoughtless shotgun approach; throw buckets of money anywhere and hope some sticks. That’s beyond Passive, that’s Stupid.

    Guess I’m still confused.

  3. DougM (recovering white male)
    Posted March 16, 2017 at 10:02 am |

    Some people can afford to be Marxists.

  4. mech
    Posted March 16, 2017 at 11:27 am |

    Claire, I had something tickling at the back of my mind when that statue showed up– something “off” aboot it.

    Didn’t have time to pursue it.

    You explained it so eloquently.


  5. neal
    Posted March 16, 2017 at 12:45 pm |

    So, phoning it in rather than doing your damned job works great?
    Until it doesn’t.

    Probably that synergy vision con.

  6. neal
    Posted March 16, 2017 at 12:46 pm |

    Oh, and the little girl has the sun in her eyes, and the wind blew up her shorts.

    Old softball excuse.

  7. DougM (recovering white male)
    Posted March 16, 2017 at 5:47 pm |

    Good way to get a little girl hurt or killed, ‘fyaskme.
    Rule of gross tonnage an’ all that.

    Well, unless she’s armed.

  8. Posted March 16, 2017 at 6:23 pm |

    I read earlier that some guy simulated having sex with the bronze chick. They were outraged.

    Maybe the folks behind the thing should have placed her closer to the Bear.

  9. Gwillie's phone
    Posted March 16, 2017 at 6:35 pm |

    They already made her a”victim

  10. Posted March 16, 2017 at 6:48 pm |

    I’m not a little girl I ain’t skeered of a good economy. It is somewhat interesting that the little girl is trying to face down rising prices, oh well children that age do not have pension plans.

  11. accipiterNW
    Posted March 16, 2017 at 7:10 pm |

    That pose, if she ain’t challenging the bull (Not President Clinton) to grab her by the pousay, might be her channeling John Kasich the weird guy who pees with hands on hips at the urine-hole.

  12. DougM (recovering white male)
    Posted March 16, 2017 at 7:58 pm |

    Did they just assume his/her/it’s gender?

    If it’s a girl, isn’t a dress kind’a, you know, a gender-normal stereotype?

  13. DougM (recovering white male)
    Posted March 16, 2017 at 8:02 pm |

    I thought there already waaas a girl-with-billowing-skirt statue:

  14. Posted March 17, 2017 at 2:40 pm |

    Well said. When I first saw that I thought it was a staged “fake” statue. Guess not. That little girl is such a bear.,