Direxion Daily Financial Bull 3X Shares (FAS)

[Porgie Tirebiter]

This will someday trade lower than $20, it's a mathematical certainty.

This is a trading ETF. Share price is just a yardstick here. What you need to look at is the underlying index (RIFIN). It has declined almost steadily for a month, and indexes don't move unidirectionally.

Look at GS, trading at a P/E of less than 6! At some point fundamentals will rule. I'm thinking today is a FAS day, but I haven't made up my mind yet.