The bear market rally in Sensex is over, the index is headed blow 2000
Surjit Singh
Oct. 31, 2008

The Sensex opened with a positive gap of 317 points at 9,362, on the back of on-going pull-back in the market. Intra-day profit taking saw the index pare gains during the day, the Sensex however ended on a firm note at 9,788 - up 744 points.

The bear market rally in Sensex is over, the index now is headed blow 2000. The economy is shrinking, and joblessness is rising. Inflation is at its worst. The era of borrow and spend has come to an for native Indians that now a days live off credit card and their debt is 20 times their average yearly salary.

The Sensex will test 10,000 on the upside and then tumble into deep ditch of 5,000 and below. It will take decades before Sensex see daylight again.

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