Direxion Daily Financial Bear 3X Shares (FAZ)

[Porgie Tirebiter]

Actually, FAZ's all time high was around $225 in Nov. 2008 when the Russell 1000 was about 460.

It's interesting to note that when the index hit it's all time low of 330 in March of 2009, FAZ was at $120. Another good demonstration of the decay over a 5 month period.

If you extrapolate the rate of decay out to the present time, if disaster happened today and the index was to repeat it's all time low of 330 this afternoon, FAZ (after the 1:10 R/S) would hit around $100. Now that's not bad for a daily return is it? But if you had held FAZ for two years you would still be down over 90%.

I personally don't favor FAZ or FAS, I love them both equally.