The markets are at mind boggling 12000 (BSE Sensex) and ET says, 15000 with at P/E 17 is the tough call, which might be during April 2007, after the budget. Then everyone should exit market.
Today Sun TV got listed at Rs 1000- and has gone upto 1,444, owing to punters hit. The groups Market Cap is at Rs 10,000 crores. Humble beginning for Kalanidhi Maran and family.
Also look at this article from Rediff on how MFs rape the gullible customers. http://in.rediff.com/money/2006/apr/24perfin.htm