Oct 29 2007
Sensex crossed 20000 ? Should we Enter ?
Sensex crossed 20000 and has become one of the few stock markets in the world to trade above 20K (cheers !!!!) , but the question is should retail investor enter the market at this point ? My reading is one can still get into good stocks as the market is till cheap compared to China , per TOI the market is trading at PE of 25 whereas china is trading at PE of 50 and developed market economy is getting stagnant so investors dont have much options to invest . Indian market is a long term story and economy can clock 9-10% growth next 5-6 years as per PM .
Having said that we need to be cautious and pick quality stocks , be long term player and be cautious till USA sub prime market woos settle down.
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