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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

Comment by Stocksnchartson Dec 22, 2010 12:23pm
96 Views
Post# 17882775

RE: RE: RE: Recovery

RE: RE: RE: RecoveryIt will end with the drop of a century.  The same way every ponzi scheme ends. 

People are so desensitized to bad news that everything is shrugged off.  Look at the article with all those states who have said they have have stopped paying their bills.  They have said publicly that they have no idea what to do.  The muni bonds are already crashing.   

Remember "Mark to Market" - all the talk of bears in 2009.  Those losses are still there on the banks books.  The banks have been bankrupt for years.  

The mkt has simply been consolidating prior to the next crash, which is coming right away.
 
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