Ripping? I have been a loyal long with MHR but no longer feel comfortable with her. She has been a perpetual loser from the moment I started buying her in the sixes and fives. So--"ripping" is right if you mean that MHR will rip every ounce of efficiency that exists in your portfolio.
But how about the quality? In a word: not good. In June, the household survey reported that part-time jobs soared by 360,000 to 28,059,000 - an all time record high. Full time jobs? Down 240,000. And looking back at the entire year, so far in 2013, just 130K Full-Time Jobs have been added, offset by a whopping 557K Part-Time jobs. And there is your jobs "quality" leading to today's market euphoria (if only for now)