sensex = 16,000; dow = 36,000
a recent comment by a SEBI wholetime member that sensex will touch 16,000 in the currently fiscal is astonishing to say the least. i wonder if the reporter got the story wrong.
if not, it is the most optimistic projection for the sensex that i have come across but i wonder why a person in such a reposible post should make such comments.
the statement reminds me of the 36,000 target for the Dow set a few years ago, which now seems absurd.
I personally am more comfortable with CLSA's estimate of 6000 for the sensex, eventhough i believe it is a meaningless exercise to predict a stock index.
if not, it is the most optimistic projection for the sensex that i have come across but i wonder why a person in such a reposible post should make such comments.
the statement reminds me of the 36,000 target for the Dow set a few years ago, which now seems absurd.
I personally am more comfortable with CLSA's estimate of 6000 for the sensex, eventhough i believe it is a meaningless exercise to predict a stock index.
posted by tvm at 5:57 PM
2 Comments:
mr anonymous,
why it is a meaningless exercise to predict the sensex? kindly illuminate!!!
i believe it essentially a random event in the short and nmedium term, while in the long term a band could be provided
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