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.

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Direxion Daily Financial Bear 3x Shares

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Comment by Stocksnchartson Jul 26, 2011 11:03pm

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Post# 18876613

RE: If Debt Limit causes crash?

The USD has a long and widespread history, and that gives it momentum. It has been a safe haven in the past, and that reflex remains in place. The sentiments are still low on the dollar, and that favors a higher dollar to come.

I'm still waiting to short while the mkt goes sideways. There could be some near term upside for the mkts. Selling into Aug 10 seems likely though so any pop may be short lived. This debt issue is dragging on, but I don't see a major drop just yet.

SC

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