Is FAZ a buy? - Seeking Alpha

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HEADLINES:

Best ETFs For The Coming Blow Off Top
Wall Street Sector Selector • Sun, May 12 • 2 Comments
5 Positions For The Correction
Ryan Perlowin • Tue, Apr 2 • 12 Comments
Short Selling A Pair Of Leveraged ETFs: A Goldmine Or A Bad Idea?
Ypa Finance • Tue, Apr 2 • 27 Comments
Don't Become The Biggest ETF Loser
Adam Aloisi • Mon, Apr 1 • 23 Comments
Farmer Mac Is Too Risky
Michael Nau • Wed, Mar 20 • 7 Comments
How You Can Make Large Profits From 'Sell In May And Go Away'
Derrik Lattig • Fri, Mar 15 • 25 Comments
Can Renewed 'Animal Spirits' And The Fed's Money Keep This Bull Alive?
Joseph Stuber • Fri, Mar 15 • 26 Comments
FAZ: What Does The Upcoming Reverse Split In A Strong Bank Rally Mean For Investors?
Christopher F. Davis • Tue, Mar 12 • 10 Comments
Short-Selling Daily Leveraged ETFs: Some Practicalities To Consider
Swedish Speculator • Tue, Feb 26 • 13 Comments
Worth Repeating: Why Buy-And-Hold In Daily Leveraged ETFs Should Be Avoided
Swedish Speculator • Fri, Feb 15 • 142 Comments
An Almost Risk-Free Way For Annual Return Of 50%+
Macro Investor • Sat, Dec 15, 2012 • 111 Comments
This ETF Could Be The Real Monetary Easing Play
Benzinga • Thu, Dec 13, 2012 • 3 Comments
Lest We Forget: The 2011 Debt Crisis And The U.S. Credit Rating
Edward Moseley • Wed, Dec 5, 2012 • 2 Comments
Technical Tuesday: Markets Need A Boost, But From Where?
Philip Davis • Tue, Dec 4, 2012 • 4 Comments
How Not To Prepare For The Bear
Craig Brockie • Tue, Oct 30, 2012 • 31 Comments
Trading The U.S. Presidential Election
Thomas L. Bruce • Thu, Oct 25, 2012 • 19 Comments
Financial Sector: Earnings Estimates Starting To Improve - Can Revenues Follow?
Brian Gilmartin • Thu, Oct 11, 2012 • 4 Comments
Levitating Markets And Red Flags Over ETFs?
George Simone • Mon, Aug 27, 2012 • 3 Comments
Momentum Trades XIII: Hot Hands ETFs Up 12.54%
Fredrik Arnold • Wed, Jul 25, 2012 • 4 Comments
An Economic Historian's Explanation Why You Should Move To Cash
James Wood • Tue, Jul 24, 2012 • 89 Comments

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FAZ: What Does The Upcoming Reverse Split In A Strong Bank Rally Mean For Investors?
Christopher F. Davis • Tue, Mar 12 • 10 Comments
Adding to My Financial Shorts
Mark Riddix • Sun, Jun 28, 2009 • 3 Comments
July Will Be a Turning Point for FAZ
Richard Graham • Tue, Jun 23, 2009 • 10 Comments
My FAZ Trade: Why I Should Have Heeded My Own Strategy
Paul Singh • Tue, Jan 20, 2009 • 2 Comments

Best ETFs For The Coming Blow Off Top
Wall Street Sector Selector • Sun, May 12 • 2 Comments
5 Positions For The Correction
Ryan Perlowin • Tue, Apr 2 • 12 Comments
Short Selling A Pair Of Leveraged ETFs: A Goldmine Or A Bad Idea?
Ypa Finance • Tue, Apr 2 • 27 Comments
Don't Become The Biggest ETF Loser
Adam Aloisi • Mon, Apr 1 • 23 Comments
Farmer Mac Is Too Risky
Michael Nau • Wed, Mar 20 • 7 Comments
How You Can Make Large Profits From 'Sell In May And Go Away'
Derrik Lattig • Fri, Mar 15 • 25 Comments
Can Renewed 'Animal Spirits' And The Fed's Money Keep This Bull Alive?
Joseph Stuber • Fri, Mar 15 • 26 Comments
Short-Selling Daily Leveraged ETFs: Some Practicalities To Consider
Swedish Speculator • Tue, Feb 26 • 13 Comments
Worth Repeating: Why Buy-And-Hold In Daily Leveraged ETFs Should Be Avoided
Swedish Speculator • Fri, Feb 15 • 142 Comments
An Almost Risk-Free Way For Annual Return Of 50%+
Macro Investor • Sat, Dec 15, 2012 • 111 Comments
This ETF Could Be The Real Monetary Easing Play
Benzinga • Thu, Dec 13, 2012 • 3 Comments
Lest We Forget: The 2011 Debt Crisis And The U.S. Credit Rating
Edward Moseley • Wed, Dec 5, 2012 • 2 Comments
Technical Tuesday: Markets Need A Boost, But From Where?
Philip Davis • Tue, Dec 4, 2012 • 4 Comments
How Not To Prepare For The Bear
Craig Brockie • Tue, Oct 30, 2012 • 31 Comments
Trading The U.S. Presidential Election
Thomas L. Bruce • Thu, Oct 25, 2012 • 19 Comments
Financial Sector: Earnings Estimates Starting To Improve - Can Revenues Follow?
Brian Gilmartin • Thu, Oct 11, 2012 • 4 Comments
Levitating Markets And Red Flags Over ETFs?
George Simone • Mon, Aug 27, 2012 • 3 Comments
Momentum Trades XIII: Hot Hands ETFs Up 12.54%
Fredrik Arnold • Wed, Jul 25, 2012 • 4 Comments
An Economic Historian's Explanation Why You Should Move To Cash
James Wood • Tue, Jul 24, 2012 • 89 Comments
One Of The Safest Available Trades?
Eric Stalee • Mon, Jul 23, 2012 • 7 Comments

There are no Transcripts on FAZ.

Your First Move For Friday May 11th

at CNBC.com (May 10, 2012)
5 Percent Decline if Correction Comes: Analyst

at CNBC.com (Mar 19, 2012)
ETF Adviser: Pimco’s active ETF is a fund industry outlaw

at MarketWatch.com (Mar 7, 2012)
Fisher, Gartman: New Way to Bet on Volatility

at CNBC.com (Nov 30, 2011)
Howard Gold's No-Nonsense Investing: Leveraged ETFs are the worst investment ever

at MarketWatch.com (Oct 28, 2011)
Go Blue!

at CNBC.com (Oct 7, 2011)
If Non-Farm Can't Save Us...

at CNBC.com (Oct 7, 2011)
ETF Focus: Top ETFs show extent of market rout

at MarketWatch.com (Sep 22, 2011)
Tuesday pre-market and it looks like we are in for another wild ride

at CNBC.com (Sep 22, 2011)
10 High-Powered ETFs That Nobody Wants

at CNBC.com (Aug 24, 2011)
What's better than being short today? Being double-short

at MarketWatch.com (Aug 18, 2011)
ETF Focus: Big ETF moves highlight Thursday's market carnage

at MarketWatch.com (May 20, 2010)
Seeking a Bet Big on Banks? Try These Triple-X ETF Funds

at CNBC.com (May 12, 2010)
Indications: U.S. stock futures leap on European Union plan

at MarketWatch.com (May 10, 2010)

FAZ vs. ETF Alternatives

FAZ Description

The Financial Bear 3X Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 1000® Financial Services Index ("Financial Index"). There is no guarantee the fund will meet its stated investment objective.
See more details on sponsor's website

Sector: Financial

Country: United States

Key Info

In Your Portfolio: Financial Sector ETFs
Asset Class Performance: Sectors

All
| Earnings
| Dividends
| M&A
| On the move

Friday, May 17, 8:13 AM Thomas Lee lifts his year-end S&P 500 (SPY) forecast to 1,715 from 1,580 as the bull has already outrun his expectations. His team sees clues economic performance is picking up, including the outperformance of semiconductors (XSD) vs. transports (IYT), and the steepening of the 10 year/30 year Treasury curve. Risk/reward is particularly appealing in tech (XLK), healthcare (XLV), and financials (XLF). Comment!
Friday, May 17, 5:56 AM UBS upgrades global financials to Overweight from Underweight on a healing global economy, rebuilt capital, and the sector's shift "from being a net issuer to a net distributor of cash." Furthermore, the U.S. banking sector (XLF) is taken to Overweight as balance sheet strength and attractive valuations play well with the housing market recovery to create compelling opportunities. European banks (EUFN) are lifted to Neutral "with a preference towards Nordic and U.K. banks." Financials respond in London with LLoyds Banking Group (LYG) +2.3%, Royal Bank of Scotland (RBS) +3.3%, and Barclays (BCS) up 0.5%. 5 Comments [Financials, Global & FX]
Wednesday, May 15, 7:54 AM "You're getting cost cuts as a means of sustaining performance and that's not a great sign," says analyst Simon Maughan. "What HSBC (HBC) is showing you (job cuts earlier) is that there is very little growth in the banking industry (XLF) for years to come." CEO Stuart Gulliver notes HSBC has met its savings target, but hasn't met a goal to reduce costs as a percentage of revenue because revenue hasn't grown. 1 Comment [Financials]
Wednesday, April 24, 3:58 PM Richard Pzena (PZN) - still heavily overweight financials (XLF) and mature tech (XLK) - makes his case for global banks in today's earnings call (transcript): With capital levels of 11-13% at JPM, C, and BCS double what they were pre-crisis, will regulators allow banks to earn a decent return on said capital? A definite "yes," says Pzena, seeing no reason demand for financial products won't continue to grow faster than GDP, and noting bank managers' "laser-like focus" on improving returns. An average price-to-book ratio of 0.7x combined with a modest ROE of 12-13% suggests fair value more than double current prices. Comment! [Financials, Tech, Quick Ideas]
Thursday, April 18, 7:37 AM Coming alongside a rise in lender earnings are calls for tougher regulation, including even more stringent capital requirements. Bank profits have thrived the past few years even with all the new rules, but maybe at the expense of economic growth. "The government aimed a Stinger missile at the banking industry and missed and hit the consumer as well," says Dick Bove. The XLF has about matched the S&P's 120% rise since the March 2009 bottom. 1 Comment [Financials]
Monday, April 15, 12:28 PM The Brown/Vitter bill being rolled out in Congress is essentially Armageddon to the TBTF banks, says Goldman, seeing it as mandating another $1.1T in equity for the banking system. Banks would need 12 years of earnings to build this amount organically, though the bill would give just 5 - say goodbye to lending. Break up the banks? BAC, C, JPM, and WFC all have multiple divisions with more than $400M in assets - the level at which the bill gets tough on lenders. 22 Comments [Financials]
Monday, April 15, 11:24 AM A 2.5% move up in Citigroup following earnings is allowing the banks (XLF) to tread water or even move higher in an otherwise bright red tape. Leading the S&P on the downside is the resources sector, XLE -2.9%, XLB -2.5%. S&P 500 (SPY) -0.7%. Comment! [Financials]
Friday, April 12, 12:09 PM "Expect more pronounced slowing" in mortgage banking and loan demand, says Sterne Agee's Todd Hagerman after this morning's earnings from Wells Fargo and JPMorgan. Mortgage banking income fell as expected, but both banks reported slowing application volumes as well, suggesting future cuts to earnings estimates. XLF -0.8%. 7 Comments [Financials]
Wednesday, April 10, 3:59 PM In comments with potential implications for the banking sector, CLSA analyst Mike Mayo says he sees a rebirth of shareholder rights in the sector with institutional investors taking control of their ownership stake. A "country club sort of attitude" has been prevalent for too long among bank boards, with directors getting fired one out of 3,000 times, Mayo says. (video) Comment! [Financials]
Tuesday, April 9, 6:43 PM A Goldman Sachs note helps explain some of the recent weakness in big bank stocks and adds a warning signal: Banks that gain more than 10% in Q1 usually give back nearly all those profits in Q2 when future earnings estimates begin falling. Goldman's top concern heading into Q1 earnings is that "lackluster fundamentals could lead to a negative EPS revision cycle (which has been the trend the past few years)." 5 Comments [Financials, Quick Ideas]
Tuesday, April 9, 9:48 AM JPMorgan Chase (JPM) will lead big U.S. banks in job cuts with 17K expected through 2014, according to Bloomberg, after the six largest U.S. banks announced cuts to 1.8%, or 21K positions, during Q1. The housing rebound means many of the cuts will come in foreclosure units. Banks may tell more about their personnel plans starting this Friday when JPM and Wells Fargo (WFC) report Q1 results. 1 Comment [Financials]
Monday, April 1, 10:06 AM Each time a PNC customer deposits a check by snapping its picture on a smartphone, it saves the bank $3.88 compared to going to a teller window, says President William Demchak. Underway and gaining steam is the trend of banks nationwide closing branches and/or shrinking their size. 2 Comments [Financials]
Wednesday, March 27, 11:08 AM Stocks more than halve early losses 90 minutes into the session, SPY -0.4% an QQQ -0.3%. The financial sector (XLF -0.6%) is lit up red - not surprising given Europe's shuddering banking system. Google and Apple - each down more than 1% - lead tech lower. 5 Comments
Wednesday, March 20, 3:17 PM Bernanke press conference: Banks can not only handle a sustained increase in interest rates, but should thrive, he says, as higher rates mean increased net interest margins and a higher franchise value. Suggestion for a follow-up: What if it's short-term rates which increase? 16 Comments [U.S. Economy]
Monday, March 18, 10:12 AM Some green enters the screen a half hour after a big down open, with Apple and Hewlett-Packard (after an upgrade) notably higher. Not surprisingly banks are feeling the brunt of what's left of the EU bank-induced selloff, the XLF -1.4%. SPY -0.8%, DIA -0.4%, QQQ -0.6%. Europe's about 1% off the lows, the Stoxx 50 (FEZ) -1.5%. 4 Comments
Thursday, March 14, 5:14 PM After hours movers in the banks: JPM -2.5% and GS -2.1% after the two had their capital proposals approved but were asked to submit new plans "to address weakness in their capital planning processes." WFC +0.4%, BAC +3.8% after no dividend hike, but a whopping $10.5B in share repurchases and redemption of high-yielding preferreds. Morgan Stanley +0.9%. The XLF +0.1%. 18 Comments [Financials, On the Move]

realornot
$FAZ is the way to go. Expect financils will take down markets world-wide!
Mar 28, 12:33 PM
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Perkins Cove
$TNA, $TZA, $FAS, $FAZ, and more Direxion....heads up, splits coming.... http://bit.ly/10c1vxy
Mar 5, 7:56 PM
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nasdaqczar
$FAZ Pullback of 5-10% the market will likely consolidate gains upcoming dump of stocks will benefit $FAZ BUY could run to $20 eom
Feb 18, 6:17 AM
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Bill Maurer
Remember what happened on inauguration day in 2009? It was ugly. I was long $FAZ that day and loving every minute of it.
Jan 21, 12:02 PM
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Daniel Nadler
Citigroup historically faces very weak January Seasonality: http://stks.co/eI65 $C $SPY $XLF $FAS $FAZ
Jan 15, 8:18 PM
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Doug Magee
$FAZ: Does FAZ suffer from contango with a daily roll?
11/26/12
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1980XLS-2.0: yes
11/27/12
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Doug Magee: Thank you. Selling the FAZ short, selling calls and buying puts would seem the most realistic trades then.
11/27/12
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Rseye
Hello...buy SLV,,trade FAZ analyze and thanks
11/14/12
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Christopher Wallace
Mkts looking very oversold. Brought in some shorts, waiting to reload on any rally next week. SPXS SQQQ FAZ ERY
11/9/12
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jvix: Oversold across the board. This will pass. Both sides today indicated a resolution to the cliff.
11/9/12
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TruffelPig: The cliff will not happen because it is not acceptable. I agree jvix.
11/9/12
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Mind
Trade FAZ...buy...SLV ! any thoughts?
11/7/12
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freefdawatchlist
http://stks.co/lAvb $BAC Bank of America off 1% after ramping up 16000 job cuts. Are the big bank like $JPM $C in big trouble ? $FAZ
9/20/12
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LATEST REPLIES

Native Texan
FAZ @ $29.21 (again, gulp!) Still holding TVIX @ $20.88 and DTO @ $38.21
1/25/12
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x oil -field: $UVXY *New 52-Week Low $7.52¢ - $248.70¢ http://bit.ly/WHv8SD http://bit.ly/ZY5yKS http://bit.ly/WUfB3t http://bit.ly/ZQvRT4
Mar 27, 2:04 PM
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x oil -field: $UVXY *New 52-Week Low $5.80¢ - $248.70¢ http://bit.ly/WHv8SD http://bit.ly/ZY5yKS http://bit.ly/WUfB3t http://bit.ly/ZQvRT4 $CS
May 6, 2:38 PM
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Doug Magee
$FAZ: Does FAZ suffer from contango with a daily roll?
11/26/12
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1980XLS-2.0: yes
11/27/12
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Doug Magee: Thank you. Selling the FAZ short, selling calls and buying puts would seem the most realistic trades then.
11/27/12
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Christopher Wallace
Mkts looking very oversold. Brought in some shorts, waiting to reload on any rally next week. SPXS SQQQ FAZ ERY
11/9/12
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jvix: Oversold across the board. This will pass. Both sides today indicated a resolution to the cliff.
11/9/12
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TruffelPig: The cliff will not happen because it is not acceptable. I agree jvix.
11/9/12
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Techmonkey
Mkay. S&P down .34% on the day-- and FAZ down .55% to 20.13. Shorts getting scared after the run? Or something wrong with FAZ setup?
8/21/12
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westcoastinvests: XLF is up
8/21/12
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Techmonkey: d'oh. thanks.
8/21/12
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freefdawatchlist
http://bit.ly/Q3oy6R ECB has 4 days to come up with some plan. Market expected to open lower. $UVXY $TVIX $VXX $AAPL $TZA $FAZ $MA
7/30/12
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freefdawatchlist: VXX should be above 20 but this manipulated has kept the fear at all time low when it should have been at all time high.
7/30/12
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phemale60: You know far more about it than I do -- sounds right. VXX should have been moving much higher with all our volatility/Euro mess
7/30/12
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Boatyzaffa
FAZ stop reached with an average price of 22.26. $280 loss, but I trade I completely stand behind -no regrets! Traded it according to plan
7/13/12
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Boatyzaffa: Thanks gentlemen, there is great wisdom in your words!
7/14/12
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Bret Kenwell: It's true though. Risk management is so key to trading. You can't have 9 winners for $100 then a $750 loser! Stops stop that from happening
7/17/12
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Boatyzaffa
LUK ripping higher and the moment of truth coming for FAZ trade
7/13/12
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Jon Peter: I used to own LUK, it was a nice proxy for the market. Would seem to either break down/recover before big market moves.
7/13/12
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Boatyzaffa: Interesting observation Jon, thanks for sharing it!
7/14/12
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Boatyzaffa
Buy (addingto position here) 500 FAZ @ 22.37
7/13/12
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444: I'm following it! I jotted it down on a notepad, I'm following it so much.
7/13/12
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Boatyzaffa: with the stop @ 22.24. Now the risk is $245, we had to move the stop up five cents but we've bought more upside w/ same risk.Margin ishigher
7/13/12
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Boatyzaffa
Buy 500 FAZ @ 22.70; stop @ 22.24
7/13/12
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westcoastinvests: Figured it was a day trade just curious thanks for the clarification.
7/13/12
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westcoastinvests: Sorry, forgot the good luck!
7/13/12
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Brandon Gibbs
This rally is hogwash imo, protecting longs with SDS FAZ
5/21/12
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TruffelPig: Glad I bought more AAPL
5/21/12
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iadops40: I totally agree Brandon, lack on sentiment
5/21/12
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Brandon Gibbs
Shorts opened, ready for carnage. SDS FAZ
5/21/12
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OneLongTrade: However, if there is, then yeah there's no better trade to make. I'm of the opinion the market got ahead of bad news out of fear.
5/21/12
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Brandon Gibbs: And my longs will benefit greatly when the fix comes. But it won't happen until we implode, & until then I'd advise entering some shorts imo
5/21/12
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Brandon Gibbs
Any advice for buying calls/puts on levered funds? TMF FAZ
5/20/12
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1980XLS-2.0: I have to agree with Detto 2 on this one. How much higher could TMF possibly go? rates are just too low for much upside remaining in TMF imo
5/20/12
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Brandon Gibbs: Short term hedge
5/20/12
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TruffelPig
Greece exit: The endgame has begun. ECB planing for Greek exit from Euro (German article in FAZ). http://bit.ly/J3pfX9
5/18/12
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TruffelPig: Hahahaah, yes, seems so.
5/18/12
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iadops40: wrong day, wrong week, wrong month(s) imo ;)
5/18/12
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vinyal
Gen FAZ and Gen TVIX. Time to come out of your bunkers. Enemy is complacent and shelling is almost over
4/19/12
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eabyrd: I got hit from 17 down to 14 before cutting out... It'll be lucrative when something goes haywire... and it'll happen, but when?
4/20/12
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eabyrd: I've been building a little hedge position recently in VXX for the unknowns that are certainly out there. UVXY only for trading...
4/20/12
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det9
Since my other shorts are not working I am going to short UVXY, SRTY, SQQQ, TZA, FAZ, TVIX. Did I miss anything.
3/19/12
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tashe: Thinking abt selling my TVIX and shorting XIV
3/20/12
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FAZ Direxion Russell 1000 Financials Bearish 3X ETF

FAZ

Direxion Russell 1000 Financials Bearish 3X ETF