Bulls do not win bull fights. People do.

Bulls don't read. Bears read financial history. As markets fall to bits the bears dust off the Dutch tulip mania of 1637 the Banque Royale of 1719-20 the railway speculation of the 1840s the great crash of 1929.

The aging of the U.S. population is a theme that we believe strongly in and the health care sector is really right in the bulls eye of this particular theme.

Bulls can do nothing to demand justice. They can only defend themselves as best they can in a fight with a pre-determined ending and die never knowing why they were forced to endure such a painful and prolonged death. It's up to us as a civilized society to call for an end to the Running of the Bulls and bullfighting.