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 Stocksnchartson Dec 21, 2010 1:53pm

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Post# 17877233

RE: Houston ....We got a problem.

Red flags everywhere today. VIX either up to flat all day. Euro down. USD index up slightly. $NMUNI clearly in trouble. This muni problem is greatly underestimated, and they are about to freeze up. Oh sure it's contained just like we were told with subprime...

Mkt is out of gas and running on fumes.

SC

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