I quite agree to Mr. Milind's projections. If our economy continues to grow at 8% for the next five years then its simple mathematics that we reach 18000 on the sensex by 2010; conditional upon stable fiscal and monetary environment. Even if there is some blips on the way then the PE re-rating, with all the hyteria of a hystorical bull run, will make sure that we reach those levels. We are on the Dow and the Nikkie way...this run has still long way to go. So, we need to get away with the psycological mindset and buy into this mkt on any good corrections out of global or domestic reasons. This is India's run...ride it ...thats my advice to all 'intelligent investors'.
