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I am invested in TZA now. We spent the entire day to gain 2.64 on spx? After a 3% pop? This rally is dead, or will be dead very soon. It spent the entire day trying break and hold over 1200, it couldn't do that. And we had good news come out with Italy having a relatively successful bond auction, a leveraging if the EFSF fund, and Greece getting its money. That was priced in at +2.64? Not a chance.
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