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Direxion Daily Financial Bear 3X ETF Message Board

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  • yourdeadmeat69 yourdeadmeat69 May 3, 2009 8:27 AM Flag

    when banks down, faz up, right?

    Yup, and if you want to play rock and roll between the one - two dollar spread all day long, you can buy FAZ and FAS and play one against the other....

    but for now, FAZ has the nod as banks are about to get trounced and the President has announced banking industry is about to get smaller.

    At first, banks will go into the toilet under stress.

    Then, under last man standing, banks will go up for those remaining.

    Cleaning house is net positive--but won't work that way initially so be nimble.

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