Information On Leveraged ETFs, Specifically The Financial Bull And Bear FAS, FAZ
August 19th, 2009
CNBC’s “Squawk On The Street”produced a segment this morning on the most searched ETFs on the market. With the recent warnings from FINRA and the SEC, they decided to dive into the Direxion financial bull and bear ETFs (FAS) and (FAZ). The big controversy is based on the 3X leverage and the daily performance of the two. Mark Haines equates the investment in these products as gambling, however Tom Lydon and Bob Pisani ring in with the benefits of the proper use of these funds. See the video below:
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