The banks have had nothing but bad news but this thing is stuck. It has not been following the market down the last few days to the extent that it should. This is based off the Russell Financial which I often wonder if it tracks worth a damn. Yes, there is somehting fishy here. It's even weirder on the options side.
index except the RIFIN. The RIFIN is not just banks, it's financials so it includes insurance companies, real estate REITs' and so on. FAZ is 3 times the inverse of the RIFIN leveraged on a daily basis only, and as such is only intended to be a vehicle for day trading.