Direxion Daily Financial Bear 3X Shares (FAZ)

[Porgie Tirebiter]

Russell 1000 Financial Services Index.

It attempts to track the inverse of this index 3X, less expenses and fees. It is important to know that this is a Daily performance, and that both FAS and FAZ suffer miserably when compared with the cumulative moves of the RIFIN since inception.

http://www.direxionshares.com/education_literature.html

I've put some info together in the FAS i-box if you care to educate yourself as to what FAS and FAZ really are: http://investorshub.advfn.com/boards/board.aspx?board_id=14535

You can't lose more than you invest, unless of course you are buying on margin. And for most brokers, margin requirements are quite a bit stiffer than most stocks, so you need to have a heads up on that to avoid a margin call if you get a strong move against your position.

In my own brain, FAS and FAZ are the exact same thing, although they are actually constructed quite a bit differently.