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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 Nov 26, 2010 10:23am
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Post# 17761595

RE: Black Friday? More Like Red Friday.

RE: Black Friday? More Like Red Friday.If the bulls manage to claw their way back again today it will be the last of their nine lives...  I'm sure next week will be very ugly for mkts.  Tsunami can be seen on the horizon - not even a warning any more.

Sunday, we should see what happens with the Irish bailout.  In the upsidedown world we live in, bailouts are considered good news by mkts.  I see it just the opposite - no bailout is good news to me as it brings the world one step closer to a financial solution.  I think there is a high probability that the Irish bailout fails this weekend.  The Euro countries are starting to fracture and some countries may not continue to support bailouts.  The Irish people may tell their politicians and bankers to take a hike. 

I'm upping my target for FAZ to $15.90 early Dec.

SC  

   



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