my finger is hovering over the TZA button

[Vanraw]

Since May 31st 2012 the Russell 2k is up 25%.
Dow is hitting records hovering at 12.8k.
Since its 2008 high of 1400 the S&P is flirting with 1600
Since its 2008 high of 2500 the Nasdaq composite is flirting with 3300.
TNA is up 70% since November.


Mean while, the market is ignoring every bit of bad news....

- Housing start data which is one of the main strengths of the markets is showing weakness.
- Unemployment numbers for March were terrible.
- We are about to hit earnings season, which might be ok. The hope is tech and financials will lead. I don't know....
- We have some sort of Bond bubble bust in the making (my opinion).
- Recent years, the Summer has been flat to down. All the money seems to be made at 1Q and 4Q. I think we might be entering the stagnant period.
- All we need is one more set of bad number, one more government debacle, Some dumb North Korean action, Some bad China numbers, etc etc....

I have been waiting for 15k dow to buy TZA. but Im hovering........ There is a correction coming.