Did we say Sensex 16000 ? Make that 17000

I spoke sometime back of a 16000 closing this year on the Sensex, and how wrong I was! Well, you had it touching 17000 yesterday.

All the sub prime woes seem to have done nothing to calm this madness, the "irrational exuberance" continues. The end will be interesting to watch.

How far the Sensex 3000 levels seem now, the new brigade of small companies are big boys now, infrastructure and power stock, power ahead. Stay tuned for a very exciting time. Just be ready for a sharp down move any time.