Opinions

Ken McCord Direx Financial Bear 3x E.T.F. FAZ-N DON'T BUY Jun 09, 2009

Shorting US financials is not unreasonable but a risky thing to do right now. However, you could hedge this by having a long position in Canadian financials. In this particular case, this ETF is 3 times, which is outrageously risky.

Ken McCord

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DON'T BUY

Tripled levered on the daily move of the US financial sector. More of a gambling vehicle. More for day trading.

DON'T BUY

FAS/FAZ pairing. Doesn’t recommend.

COMMENT

US financials bear x3 ETF. In the short term, US financials could have some upside. Some short-term pullback is inevitable. If you're nimble next few weeks you could probably use this instrument but there is a lot of leverage in this product. Be careful.

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Ken McCord Direx Financial Bear 3x E.T.F. FAZ-N DON'T BUY Jun 09, 2009

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