http://www.etfguide.com/research/226/8/Bulls-or-Bears-Who-Will-Have-The-Last-Laugh?/
and
http://www.etfguide.com/research/227/8/5-Disturbing-Facts-For-The-Bulls/

These articles warn that another big crash is imminent.When i saw the chart for S&P 500 PE ratio, it looks like a Armageddon if it really falls to that level! But i think , the FED and other central banks across the globe will keep printing money to keep the markets high.

The sensex seems to be correcting this week and is back to 16K levels.I think we can start investing in MFs if it becomes 14k levels.Otherwise, best is to follow individual stocks as Yogesh points out in his blog(happionaire blog).

Most of the Yogesh's reports have not done well or posted modest gains .I htink we can wait for a longer period of time to see who is correct.Yogesh still advises gold.

http://new.valueresearchonline.com/story/h2_storyview.asp?str=100872

A good article.It shows how the politician-builder nexus prevented consumer friendly building laws from coming to reality.Very sad state of affairs in India.

Dow 10000

Seems Dow 10000 is far away, according to
http://finance.yahoo.com/news/Why-Dow-10000-Will-Remain-etfguide-3642016142.html?x=0

I was surprised that Indian markets touched 17K.Better to take profits if the markets keep going up without any rhyme or reason.I think the amount of quantitative easing done by various governments are the reason behind this rally.Since, the interest rates are very low in usa, the money cannot be kept in us banks earning less interest rates.They will go into some things like equities or real estate causing another bubble.

My guess is world markets will keep swinging between certain range for next 5 years.It will not touch new highs or break new lows.