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

Bullboard Posts

Comment by Stocksnchartson Dec 15, 2010 10:57am

218 Views

Post# 17849620

RE: Bail Out

Ok thanks Golddigger. From what I see there are more steps to come in the Irish bailout so we will have to wait and see how this plays out in the end.

FAZ probably will dip this morning under $10 but then runup later in the day again imo. I still think tomorrow FAZ gaps way up.

Yesterday the financials closed down quite a bit, and were very weak with S&P closing slightly up. This is conclusive to me that the trend has changed. Mkts to drop extremely hard from here. Financials are leading down.

SC

Bullboard Posts

Global Tungsten Market and Supply Security