Shaping up to be a good day for TWM and SDS

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Violent Rhetoric
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Shaping up to be a good day for TWM and SDS

After the big stock rally on the 21st hoping for blood in the streets today. 

Edited by admin on 11/08/2014 - 05:15

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Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.

This is known as “bad luck.”
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CYM
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FAZ looking good as well.

FAZ looking good as well.

Violent Rhetoric
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Me to chicken to buy FAZ...

Me to0 chicken to buy FAZ... although I sure thought about it! Good luck!

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Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.

This is known as “bad luck.”
~ Robert Heinlein

SilverSurfer21
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OK can someone break down FAZ

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?

CYM
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  FAZ breakdown   Index

FAZ breakdown

Index Sector Weightings

Banks: Diversified 21.58%
Diversified Financial Services 21.37%
Real Estate Investment Trusts (REITS) 13.48%
Insurance: Multi-Line 11.88%
Financial Data & Systems   9.35%
Insurance: Property-Casualty   7.14%
Asset Management & Custodian   5.69%
Insurance: Life 3.93%
Securities Brokerage & Service 3.07%
Banks: Savings, Thrift & Mortgage 0.98%
Real Estate 0.80%
Commercial Finance & Mortgage 0.37%
Consumer Lending

0.37%

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