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The Equitymaster Research Digest

Where Do We Go from Sensex 30,000?
Apr 11, 2017

  • Sensex@30K: cheer, worry, or ignore?
  • Rahul Shah's 38,000-bagger!
  • The difference between the economy and the market

Unless you've been living in a cave, you'd be aware the Sensex is touching 30,000.

So what should you do? Is it time to be positive...paranoid...indifferent?

Let's see...

First, it's not a good idea to be gung-ho right now.

Why not?

For one, the Indian market is already among the most expensive in the world. We wrote about it here.

Second, a lot of junk stocks have given huge returns lately. This is a sure sign of excessive speculation in a frothy market.

What are junk stocks? I recommend Tanushree's recent 5 Minute WrapUp, The Thin Line between Growth and Garbage Stocks.

If you've made a lot of money in the market recently, it would be wise to have a re-look at the stocks you hold. And keep this quote in mind while you do...

  • In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond. - Warren Buffett

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