Rochester, NY 8/10/2009 7:47:48 PM
News / Business

Financial Bull 3xnew, FAS - Enters Top Five ETFs Last Week

FINANCIAL BULL 3XNEW

FINANCIAL BULL 3XNEW, FAS

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Direxion Financial Bull 3X Shares up 12% you can always count on having either FAS or FAZ  Financials on the list given the volatility in the Financial sector. Financials have fared quite well recently given strong results from some of the major investment firms. FAS is up over 50% since mid-July.

While near term, the prospects for financials appear to be improving, it is evident from the recent survey that Wall Street simply isn't hiring right now. So it remains to be seen as to whether the improvement continues and Wall Street can return to its prior business models, strength and clout, or whether the recent rally is simply a sigh of relief that the firms that comprise the index have simply survived.

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