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 ellgaron Mar 27, 2011 9:55am

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Post# 18346577

RE: RE: RE: Fully short now!

I think many bears have been waiting for a retest of 1200 S&P and not getting there in the past 2 weeks with all the bad news was almost a predictable surprise, with all the liquidity that's being pumped into the market by the fed the support was strong.
I read somewhere that the week of the disasters the feb made a record cash pump.
So now that talk about some fed members voting to end QE2 early before June may take the legs out of the NA markets.
I must say you have balls going "all in" over the weekend in this environment, that said I'm short about 35% and feeling much more bearish than bullish coming week ... but we've all been wrong before trying to predict this market so keeping reserves to hedge or average works best for me.
IMHO!

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