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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 29, 2010 10:42am
189 Views
Post# 17901355

RE: Baking........................................

RE: Baking........................................Thanks Hoss.  It's been a waiting game but we will get there.  Yes the big banks have been weak.  BAC is well off it's April highs, GS peaked in fall 2009!  Citi was just bragging yesterday about planning to reduce bad assets to 20% of it's balance sheet.  That is around $200 billion.  Then there are what they call the "good" assets that will go bad anyways.  They say they are improving but remember "mark to market".  They have not shown the whole picture in their financial reports since March 2009.  Unbelievable. 

Financials topped yesterday morning, with S&P topping this morning.  I do think that means the financials are signalling a turn down for the mkt here.  Next few days should be good for FAZ.  

SC

 
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