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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 Libertygon Jun 04, 2009 5:33pm
205 Views
Post# 16044907

RE: RE: RE: Today

RE: RE: RE: TodayYeah, i to think this is a very critical point again. I dumped my FAZ due to the 941. plus close on the S&P, have no clue what to expect tomorrow. May be a good day to trade both the FAZ and FAS. Could go either way, but the banks are being propped up and analyst for Goldman helped them out. This is one real sick experiment and we are all the guinea pigs. The one issue that is very unsettling is the happy days are here again talking heads and the up up and away sentiment. I can't shake the nosedive we took last year when oil was 147.00 and commodity stocks were flying. I suppose it's very possible the inflation trade is on, and i am long energy and metals etc, but ready to pull out at any sign of a reversal, although it may take weeks or months to happen if it does. Good to make the money back while we can on this up surge, as the downside i still think could be very very ugly. Reference the great depression in the U.S. 50% retracement after the 1929 crash only to move down over the next couple years to nosebleed lows. But they weren't printing money at this rate then either.  Do we get more deleveraging and contraction, or full blown out of control smothering inflation. What a mess inflation to kill our pocketbooks or deflation to kill our investments and growth. Either way we pay.
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