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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 ellgaron Oct 16, 2010 5:38pm
134 Views
Post# 17573718

RE: RE: RE: Another Big Daddy Bailout

RE: RE: RE: Another Big Daddy Bailout

   As we hear wall street say it’s main streets fault they lost their homes because they couldn't make their mortgage payments you have to wonder how detached & insensitive they really are to the same people they cut corners for to get them the mortgages in the first place.

 

    Unfortunately it’s the $$$ they are more interested in and not the morals that we are brought up to believe in. The irony is these are the institutions that the taxpayers are bailing out, maybe not just yet but soon enough taxes will have to rise to cover this debt burden that the financial instutions got us into. 

 

  Not to get too political but I hear the Democrats want to tax all income above $CA and the Republicans want no extra taxes for the rich as they say they are the job creators and that will hinder growth....tough call?

 

  What about the wealthy who collect seasonal unemployment Ins ? What about all the loopholes and tax shelters they have now? What about all the CEO’s and other exec’s that take big bonuses even when they do poorly.

  The old saying “ The rich get richer & the Poor...Poorer`` never sounded more true.

                                        What about accountability!

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