Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Direxion Daily Financial Bear 3x Shares FAZ

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the funds net assets (plus borrowing for investment purposes). The index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large-capitalization U.S. equity market. It is non-diversified.


ARCA:FAZ - Post by User

Direxion Daily Financial Bear 3x Shares
Bullboard Posts
User Avatar Image
(0)
•••
Post by Stocksnchartson May 12, 2010 1:15am
188 Views
Post# 17088151

Euro weakening - already

Euro weakening - alreadyBack in heavily now.  The Euro govt bailout rally seems to be over with the Euro sliding again.  Markets have no patience for "talk" right now.  The Europeans need to deliver something concrete about this bailout and fast.  You have to wonder if they can really co-ordinate all the Euro countries to agree, and if even possible how long that might take.

The markets are calling the Euro bluff and my feeling is we will see a major crash in coming weeks.  This one will make last week's crash look like a little hiccup.  It is ridiculous that the media is trying to blame that crash on a "computer glitch"  or trade made in error.  What a surprise no one can find anything wrong, oh I guess it was real selling pressure after all....what a joke.

Also, Traders are betting heavily with CDS that France is going to run into trouble.  The French CAC 40 is incredibly volatile right now.  

I think the S&P could drop 20% with a target of $20 for FAZ short term.

SC


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities