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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 Sep 21, 2010 11:36am
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Post# 17473880

RE: RE: Today

RE: RE: TodayYou are very likely correct.  Since FAZ rallying right now it probably will dip after the FED and mkts rally somewhat.  However, I am very sure top is in for mkt and low for FAZ for the time being.  Over the next few days I expect the mkt to drop a fair bit.  It's after that, the mkt can make new highs for sure.

The financials will rally much harder than the rest of the mkt on the final runup.  Once the financials are done with their rally, then mkt crashes!

SC   
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Dealroom for high-potential pre-IPO opportunities