Today,there is dazzle on the Street. The Goddess of Wealth and Prosperity seems to be making a happy entry with most indicators pointing to a bright Diwali on the bourses. Investors are having the last laugh so far with cries of caution being blasted away. Spiraling prices and possibilities of rate hikes have so far undeterred the bulls.The Dow crossed 10,000. The milestone was last seen in October 2008 and adds to the growing signs of recovery from the depths of the financial crisis. Most equity benchmarks have touched multi-month highs. The Sensex has overcome 17,000 and the Nifty has topped 5,100.
Don’t be surprised to see the key indices shooting up further today. Although there are a few concerns on valuations and the pace of the economic rebound, it would not be wise to stay idle.Money makes more money goes an old adage. So, put your money to work this Diwali. May be you can lock in some gains after some time.
