After the big stock rally on the 21st hoping for blood in the streets today.
FAZ looking good as well.
Me to0 chicken to buy FAZ... although I sure thought about it! Good luck!
OK can someone break down FAZ for me? Basically if banks go belly-up this will skyrocket right? I know it's the inverse of the Russell 1000 Financial index, but when I look at the 5 year chart and see those ridiculous highs at 2000 and even 7000 it makes me wonder, are those achievable?
By my calculations if I buy some expensive in-the-money longer dated calls (through Jan 13 or something), and we experience another banking crash and FAZ skyrockets to 1000-2000 or so I'll sitting on a mountain of cash. Is this a pipe dream or could this really go to 1000 again?