MutualFundWire.com: Jaffe to Investors: Avoid the Wrong Direxion
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Friday, February 22, 2008

Jaffe to Investors: Avoid the Wrong Direxion


MarketWatch's Chuck Jaffe has labeled yet another fund 'Stupid Investment of the Week.' This week the columnist set his sights on Direxion PSI Calendar Effects, a fund he cites as aiming to put money in the market (as opposed to parking it in money market funds) for only one-third of the year to take advantage of 'calendar-related phenomenon.'


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