Thu, Oct 2, 2014, 9:13 AM EDT - U.S. Markets open in 17 mins.

Recent

% | $
Quotes you view appear here for quick access.

Direxion Daily Financial Bear 3X ETF Message Board

  • rbg5r rbg5r May 19, 2009 10:14 AM Flag

    Sorry folks, the fix is in. You gotta get out of FAZ.

    Cant fight the freaking tape.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • that would be the "duh" advice for the ages. FAZ is not the play currently - and may not be the play for a couple more weeks, BUT at some point the fantasy of banks making money, while simultaneously carrying the dead weight of billions in toxic assets will come down to Earth.

      Conventional advice would simply dictate to avoid the short side of financials until they are no longer supported by the machine. The fact that BAC can dilute it's shareholders and continue to gain in valuation is about all you need to know... especially considering that BAC accepted all of Lehman's bad debt at an unbelievably high price - of course don't forget that the two had great synergies because their investment strategies didn't overlap (I still laugh at that one).

 
FAZ
17.18-0.17(-0.99%)Oct 1 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.