Today I read this excellent article http://blog.investraction.com/2011/01/senseless-sensex-eps-projections-and.html (this is dated Jan 4 2011). Seems like my earlier sentiment (http://vbala99.blogspot.com/2011/01/pe-ratio-for-stock-market-index.html) about the market was right.
Predictions as well statements about current EPS and/or PE data by knowledgeable people seem to be often misleading. I wish it was otherwise.
Sensex AT 20k By Dec 2011 (added in Sep 2011)
Sensex AT 20k By Dec 2011 (added in Sep 2011)
As per this article (http://www.thehindubusinessline.com/markets/article2450553.ece), Sensex is expected to reach about 19-20k up front the current 16k levels.
Quite a tall achievement if that happens. Almost similar to Flipkart's financial projections http://calmisc.blogspot.com/2011/09/amazoning-growth-for-flipkart-india.html.
Let's see where we are are in 3 months.
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