I don't believe Russell 2000 will be below 900 this year. There is a much better chance of it being above 1000 which it should easily do this year. It will probably at some time reach 1050 this year. This is due mainly to quantitative easing. Investors keep talking about this big bubble which won't happen because of quantatative easing. The world markets have not seen anything ever like it. The old rules just don't apply. TNA will see 55-60 this year. TZA
This is not just about 'QE' or more money printing. If you will look at a 10 year chart of the RUT or S+P 500 and add the "EARNINGS" information, you will see that EARNINGS (which drives stock values) for the RUT is now about 25 -35 % HIGHER than what it was in 2007 when RUT reached a high of 856, meaning RUT can now go 25-35 % HIGHER than those highs of 856 ! = about 1070 to 1155 !
Meaning TNA will climb and TZA will drop 3 times more than those amounts . Yes, TNA could go to 60 or even higher, and TZA would drop to about 22.