Where Do We Go from Sensex 30,000? - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  
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

To Read the Full Story, Subscribe or Sign In


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS