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Direxion Daily Financial Bear 3X ETF Message Board

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  • seasonedspec seasonedspec Dec 15, 2009 9:58 AM Flag

    Great opportunity to load up FAZ

    I do not understand how the banks can be in so much trouble with the President and yet their stock prices are moving higher. Some banks were upgraded yesterday in spite of their terrible past performance and unforgivable behavior. Some believe that they are "too big to fail" but I'm not buying it. Let them fail just as so many other companies have done in the past. The financials should be way down, and FAZ way up. We are experiencing the opposite moves which makes no sense to me. Why has FAZ fallen so far this year? This market is upside down IMO. SS

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    • "too big to fail" is a misnomer. Should read.."too tied into Washington power-brokers like Barney Frank, Chuck Schumer and the like..."

      Had AIG gone under, ALL of the politicans would have been up the creek for their cozy retirement and health-coverage plans.

      They couldn't let that happen.

38.88-0.55(-1.39%)2:52 PMEDT