$8?my guess... or higher?
it is based on the rifin index not the dow http://www.google.com/finance?q=INDEXAMEX:RIFIN.X 3 times the RIFIN DAILY RETURNS. if u don't understand this don't invest in FAS/FAZ
This is very true. The DOW down has no correlation with what FAZ will do. DOW has been down 100 or so and FAS has been up before. The financials are trading in their own little world right now. I suspect that FAZ will have a pretty decent week.
FAZ is not related to Dow.
5.98 Do the math..
please explain the math... as dow only moved approx. 300 and it went from 7 - 4.50