Financial stocks return to the highlight in recent Greek crises. The financial stocks become either biggest loser or gainer in the past two weeks. The volume of these two ETFs have increased significantly.
However, due to the leverage nature, these two ETFs are meant for the short term trading. It can be used to take the short term profit or to hedge your long positions against the downturn. For instance, seeing the increased bad conditions in Euro zone, you might want to use FAZ, the Direxion Financial bear fund to hedge the exposure.
Have a look at the links below for the detail coverage:
ETF DAILY NEWS » The Most Bank For Your Buck With These Direxion 3X Financial ETFs (FAS, FAZ)
Want to Bet Big on Banks? Try These Triple X Funds - CNBC
No comments:
Post a Comment