FAS and FAZ

Those are two ETF that are quite volatile. FAS trades at 3X Bullish and FAZ is 3X Bearish. So today, FAS took a big it and fell almost 30% and reach a new 52 weeks low while FAZ was up 30%.

Looks like Obama inauguration speech today did not help the market. If you think markets will be going up, it might be a good time to go in FAS, it is bound to go up at some point but can still go down.