Direxion Daily Financial Bear 3X Shares (FAZ)

[ounceoflogic]

My understanding of FAZ is that its objective is 3x inverse the market. That has certainly not been the case lately. Today, for instance, FAZ has lost more than 15 times the DOW gain. It's one thing to try and predict when this unfounded and ridiculous bull market will stop running... it is quite another when a fund such as this fails so miserably to achieve its stated goal. I'd like an explanation of the second part.