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Direxion Daily Financial Bear 3X ETF Message Board

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  • seasonedspec seasonedspec Nov 18, 2010 10:58 PM Flag

    Smart money is and will remain SHORT financials

    When will the banks be forced to recognize their huge losses on the foreclosed home mortgages that they are now holding? Recent congressional hearings revealed that the four major banks would now be insolvent if these losses were acknowledged. The truth is being withheld with the cooperation of our government. In the hearings it was made clear that there will not be any more bank bailouts. I plan to add to my current FAZ position each time the FAZ price dips lower. Someday I'll be richly rewarded. SS

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