UPRO: Going up!!

In the early days of March I called for a market bottom that would be lead by financials. You can look it up under BGU. I'm making a similar bold call on UPRO. Here are a few reasons why. First, everyone is so certain some type of a correction is coming. The crowd almost always misses the turns. The crowd follows trends. In the last few weeks the market has refused to give up the 1000 SP 500 level. Its had its reasons but late money always brings it back. If you look at a daily DOW and SPX going back 3 months you can see they are almost on top of a rising uptrend line. Both are within a few points of tagging it. The market has just been catching its breath. Its time to rock again. Hedge funds are actually starting to report INFLOWS. When was the last time you heard that? They took a beating and the ones that survived are reloading. Interest rates are in the cellar so no money is flowing there except what Ben and company are feeding the banks. Real estate has a full 2 years to finish digesting all those terrific loans that are set to explode on residential RE that is nowhere close to the price it was purchased at. No smart money will flow there. The gold bugs insist gold is going to 2K any day now. Sorry folks but that "end of the world, financial meltdown" train has already left the station. The threat of a meltdown is behind us. More bank failures for sure, but the big guys are standing tall and Ben has the printing presses going full tilt. Wanna buy some Chinese stocks? Everything they sell us is junk and isn't worth the discount prices we pay. And their markets are about as stable as a college student after a night at a beer bong party. So whats left to invest in? The world as we know it isn't going to end, unless you bought your house in 2007. American companies have slashed payrolls. Lean companies make huge profits with just the slightest up tick in business. I think we're at that point. The charts say go. The excesses have been worked off. Everyone is wondering why the correction hasn't started yet. There is almost no alternative investment. To use a classic Wall St phrase..."multiple expansion". People will pay more for a stock if they think its a quality buy. That spells Big Caps! If the trend line doesn't hold, so what, I'll cover and wait. If i'm right, its party time again. Good luck with your investments.