I read an article on Seeking Alpha http://seekingalpha.co... that basically says that the financial index that FAZ follows was down 14% from jan 1st thru april 9th 2009, while FAZ, which is supposedto mimic the perfomrnace of that index was DOWN (not up) around 65%! That is quite disturbing... Does anyone know or understand why that is? In theory and supposedly in practice, FAZ should have performed 14x3= +42%. Comments appreciated. I currently do not own any positions in any US or european stocks except for TBT's (short 20 yr treasuries- Lehamn product).