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 Cartman666on Nov 04, 2010 3:18pm

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Post# 17659084

RE: RE: RE: In FAZ

It figures all the banks would gap higher this AM, then continue to go on a tear...BAC up 3.5%. Now I'm worried that the markets will take everyone by surprise again and we'll see another 'trifecta' of gap-ups in a row just like the end of August... had I not sold HSU for a tiny gain in the $9 range, I would've been laughing today... instead of constantly battling this bull madness..

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