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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 Cartman666on Sep 23, 2010 1:35am
100 Views
Post# 17482315

RE: RE: RE: Caution

RE: RE: RE: CautionStocksncharts - appreciate your posts... interesting and informative. It's a mind F*&K out there, with conflicting views - some are using Elliot Wave to show we're in an uptrending bull market with S&P getting through 1200+. Others are all about the collapse in the economy, USD, and markets in general. I have stopped paying attention to timelines now. Most of us are looking at what's going to happen in any given week, so we can flip out some profit, and then look to reload. I'm sticking with my shorts, instead of getting emotional day to day... Like you said, FAS might be good for one last quick rally before a larger collapse... but risky... After a pullback in Gold, it may be a good place to park some long term money. 
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