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Direxion Daily Financial Bear 3X ETF Message Board

  • oliviah26 oliviah26 Apr 9, 2009 11:01 AM Flag

    Merrideth W. said Q1 will be good -Downhill after..

    M.Whitney said last week she expected good numbers for Q1 but after that it wiould be just like 2008 if not worse going forward. Wells fargo proves she is dead right again. FAZ a great buy after C and JPM and the rest of financials report. Just like 2008 after Q1 the cycle of violence and writedowns will start.

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    • right.....because the 2nd shoe is cc and cre.

      that hasn't been factored in yet.

      WFC proves that FED can max the interest spread....which could cover the Residential Mort. losses (over 10 years), but if cc and cre go under there are no more bullets left.

      next leg down will really hurt.

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