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Direxion Daily Financial Bear 3X ETF Message Board

  • quailrunrd quailrunrd Aug 4, 2009 2:44 PM Flag

    FAZ price really amazes me

    I traded FAZ for quite some time until just after the reverse split. The decline since then is really amazing and doesnt' make fundamental sense but when you factor in all the gimmicks preformed by and for the banks, then one reluctantly understands the rise.

    Bring back mark to market so the public can see the real value of the toxic waste. Stop the FED from handing out interest payments for bank reserves (a recent gift from Ben). Audit the FED so we can see how much toxic waste was transferred from Banks to FED in return for treasuries which the banks can now earn interest on by holding as reserves. So many gimmicks for the banks that brought us all down in the first place and dragging us lower still.

    Go FAZ! If it hits 25 (it really should not)...then I will feel compelled to jump back into the pool.

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36.67-1.75(-4.55%)10:48 AMEDT