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The Bombay market is heading to the stratosphere:

"The way the market has gone up, it shows that there are absolutely no short sellers," said Ajit Surana, managing director at Dimensional Securities. "As the stock indices breach higher levels, stock valuations are getting out of whack and any reversal could be painful."

From Latin America to the Middle East, I think I know how this story will end.

Buoyed by increased foreign investment in stocks -- the Sensex has recorded a remarkable bull run. It topped the 10,000 mark in February this year after surging past the 9,000 level in November and the 8,000 mark in September.

Posted by edelfenbein at March 27, 2006 10:23 AM