WISHING ALL THE READERS A VERY HAPPY & PROSPEROUS 2012
The year 2011 ended on a very weak note amidst lot of gloom & doom.
I am giving below an interesting historical data that should help all of us to start the New Year on a positive note.
As many of you may be aware 2012 is a leap year. In the previous leap years given below, BSE Sensex has made a new high over the previous year.
LEAP YEAR / PREV. YR / SENSEX HIGH / LEAP YEAR HIGH
1992 / 1991 / 1955 / 4546
1996 / 1995 / 3943 / 4131
2000 / 1999 / 5151 / 6151
2004 / 2003 / 5921 / 6617
2008 / 2007 /20498 /21207
2012 / 2011 /20665 /?????
As things stand today, it is difficult to believe that we could see a new high over 2011, but data given above does give me hope that things could change in the coming months.
So, all is not lost and prepare to buy at lower levels - around 4200-4400.
Keep Smiling & Best of Luck for 2012.
Ketan Asher.
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