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.

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Direxion Daily Financial Bear 3x Shares

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Comment by Stocksnchartson Dec 02, 2010 4:54pm

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Post# 17792200

RE: RE: RE: Markets

Cities (municipalities) in the US sell bonds to fund city projects. Some Cities are now going bankrupt with too much debt. I noticed this chart and mentioned it on this board Nov 9 (I think it was) that these bonds were going to drop.  It was the start of the muni crash. The bonds also started to drop before the mkt did. So it was a great leading indicator.

With all the glory of the mkt today, just look at these bonds. Just one more piece of data signalling mkts crash next imo.

Also, I think POMO goes to support these muni bonds not the stock market. Fed will consider this more important imo.

SC

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