You know Direxion is to blame for offering these rigged ETFs but the real culprit is the Federal reserve and treasury for meddling in the market and propping it up. If this truly was a free market FAZ would be 200+ by now or higher because all the banks would be BK.
this is a short term trading vehicle - not a long term investment. Look in the perspectus. If you don't understand this, don't buy this investment. They make this very clear- it is a daily investment vehicle