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 Feb 07, 2011 12:30pm

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Post# 18087312

RE: RE: Bear market in predictions

$rifin only 8 points higher than Jan 14th. It took 3 weeks of grinding to gain 8 points.

My complacency chart was high last week, and now it is off the charts extreme. When it gets like this it doesn't last long, and it is under these circumstances that the mkt can selloff in an extreme way. I notice VIX has been flat to up all day too.

I expect FAZ to be much higher by the end of this week.

SC

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