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 Aug 03, 2011 1:17pm

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Post# 18899525

RE: RE: Bear trap

I agree completely regarding the economy. It's a mess, and backed into a corner, and I don't see a way to fix it. However, the economy and the stock market are two different things. The stock market is clearly a bubble. People are irrational, and so have to consider that in the timing of things.

Soon people will be saying that the mkt is rallying without QE, and with a trimmed budget so we must have recovered....

How could this be the right time? With QE ending, and everyone eyeing the politicians and budget problems. Isn't this a little obvious...

Both Financials and Nasdaq 100 outperforming S&P. The tape tells the tale, and it tells me a rally is coming.

SC

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