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Direxion Daily Financial Bear 3X ETF Message Board

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  • quailrunrd quailrunrd Aug 17, 2009 12:55 PM Flag

    Take your profits on FAZ

    Typically I would agree about taking profits on a 10% rise. But something tells me it would be wise to hold at least until tomorrow to see how world markets react tomorrow based Today's declines. I can't believe this drop will be a one day event on this go-around. The world is looking at the U.S. and sees a country that is truly broke. U.S. consumers have been taken to the woodshed. World markets will drop because future trade/business climate is going to seriously tank and thus stock prices are headed much lower...including bank stocks.

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FAZ
35.46-0.73(-2.02%)May 27 4:00 PMEDT