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Direxion Daily Financial Bear 3X ETF Message Board

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  • obsessedwithbreasts obsessedwithbreasts Feb 14, 2009 7:58 PM Flag

    3 weeks ago FAS was $8.00 and FAZ was $66


    Three weeks ago the S&P was at the same level it is today. How come FAS hasn't had any time deteroriation and FAZ has lost nearly $20 bucks?

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    • FAS and FAZ follow the russell 1000 financial index, not the S&P idiot. God how many freaking times will people make the same stupid mistake. FAS has had time deterioration, a whole lot of it, just like FAZ. All leveraged ETF's are nothing more than a stock market casino where the player will always lose long term. Get a clue before throwing your money away. Unless you can short or write long term calls, that is only way to win with all leveraged ETF's.

31.36-0.04(-0.13%)Oct 21 8:00 PMEDT