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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Post by ellgaron Aug 27, 2010 9:41am

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Post# 17389041

Lowering the bar.

GDP beats estimates/consensus,
If they keep lowering the bar to accommodate the economic slowdown eventually numbers will start to beat, like today, but the big picture hasn't changed.......slow growth and a looming recession/depression.
How much worse will it get before they start to raise the bars? Not for a while i feel.
For now the bulls will be happy, we'll see if Bernie leads the bull run.

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