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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
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Comment by Stocksnchartson Aug 17, 2010 11:53am
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Post# 17357410

RE: RE: Dick Arms-

RE: RE: Dick Arms-It's all a matter of time frames.  No question the big picture is very bearish.  I'm bullish for the next month, but bearish for the next 5 years after that lol. 

I'm trading some short term swings for the next month, but then I'll be buy and holding FAZ for quite some time.  Certainly there is nothing wrong with focusing and waiting for the big picture to unfold.

Clearly on the economic front things are terrible, and now we are simply waiting for the mkt momentum to fizzle out.  It is always surprising just how long that takes.

SC
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Dealroom for high-potential pre-IPO opportunities