Direxion Daily Financial Bear 3X Shares (FAZ)

[CluelessStockJunkie]

Gotcha and thanks for the link:

This is because of daily rebalancing. It’s virtually a mathematical certainty that if you don’t catch a massive, sustained trend on the underlying index, due to the daily volatility component, you’re going to lose money over long periods by holding the 3X ETF Short or Long, no matter what the underlying index is doing.