Replies to post #5191 on Direxion Daily Financial Bear 3X Shares (FAZ)

[penny_foolish]

The Jobless claims that came out today were pretty crappy, yet the market trundled on - All of these things WILL hurt in the long run, but I am looking short term - as in what will happen Friday and Monday. FAZ AND FAS are not worth buying and sticking in your pocket for later because they settle daily. FAZ would have to go up 4000% to reach its 52W high and FAS would have to go up 535% to do the same. You would have much better odds hitting a 10 bagger on a stinky pinkie than that happening.