Hi All
SENSEX saw 20000 and NIFTY saw 6000 mark. History being created again and again.
People are surprised. It happens whenever these landmarks are done. But it has to come.
When SENSEX made 2000, everyone was surprised, same happenned when SENSEX done each 1000 points. But SENSEX will see 21000, 22,000, 25000 or even 50000. Just time has to pass.
Most of the companies are reporting better profits each quarter and if you were the owner of that company, why would you sell that company for a price it would have fetched last year?
May be some days of panic, but market will all probability see 25000 mark in 2008 and 30000 in 2009. That is a return of 25%. If you choose to stay with high groth stocks, you may well achieve 40% returns.
Stay invested.
Ananda Kumar
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