Direxion Daily Financial Bear 3X Shares (FAZ)

[Porgie Tirebiter]

I don't think it's wise to be in FAZ or FAS based upon a scenario as to where the economy as whole is or isn't going.

The current market is headline driven, but in the long haul fundamentals always win, and right now, the fundamentals are fabulous for the financials.

FAZ and FAS are set up to reflect 3X daily movements. Over the long haul, both must lose value. It's just the way they are constructed: http://www.direxionshares.com/pdfs/DS_Paper_011210.pdf

I'm in FAS now, but I won't be at the close.