Direxion Daily Financial Bear 3X Shares (FAZ)

[FinancialAdvisor]

No that's not...

http://financial-dictionary.thefreedictionary.com/distribution+stock

Actually, I see the BAC offering in a different light. I believe the interested parties, those of course being other large banks were interested since they wish to control BAC. Many of them already having been short the stock, by gaining even more shares, they are giving themselves and their bank/firm more shares to borrow against to short into the next downfall.

Call it sinister, but everyone's got a motive when it comes to the stock market. Wouldn't be surprised if they were able to short it into the ground only later to have it taken out for pennies on the dollar.

To answer someone elses question about next week. I expect more of the same, we are also getting close to General Motors' bankruptcy, so it'll be interesting to see what kind of effects that has on the markets.