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 ellgaron Oct 19, 2011 12:03pm

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Post# 19163242

RE: So anyone care to explain....

POMO started at the beginning of Oct in the form of operation twist...I posted that back then although I didn't think it would have as much of an impact as QE2 but by looking at the market reaction since Oct 4th to all bad news gets pushed aside and upward we go even in oversold conditions.

Any other explanations welcome!

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