It has taken the Sensex just 6 days to negotiate an upward 1000 points from 16K to 17K it has reached in today’s trading. The rise is phenomenal and breathtaking.
So, what lies next? Herein the opinion is divided. A majority concurs with the view that the bull-run is here to continue further. Some people though are skeptical. I’m among the second lot.
Not that I’ll mind if the market rises more and more. Whoever has a portfolio of mixed bag that is heavy with large caps knows a bull market augurs well for him. He will preferably not be in a haste to cut short his potential gains. But how probable is that?
It seems unlikely that the steam will hold for long. Sharp rises almost always have the company of even sharper declines. When that happens ordinary investors will scamper for safety but it may be too late to escape the wrath.
Which therefore means that small investors will do well to remain in the sidelines till the inevitable decline happens. It’ll then be time to do some astute fishing so that the next rise works favorably.
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