Andrew McCreath Direx Financial Bear 3x E.T.F. FAZ-N DON'T BUY Aug 18, 2009

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

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.

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.