Will we move to new high ???

Well, its almost have been a year . A year before we had the financial meltdown ,the Lehman Bros.collapse, and credit default swaps, and Gov't bail outs and  announcement of Stimulus package all acorss the globe by Government. Now everybody is talking that the worst is over. Are we really come out of woods ?? Just for your information Japanese Index Nikkie  made a high of 38900 in year 1990 and today its trading at 10300 . Real estate bubbled had an adverse impact on the economy. And do you know  that the Japanese introduced 11 different stimulus packages worth 30 Trillion yen? The Japanese thought that rescuing bank and  making concrete river bed will put economy on track but they were wrong . The country has a huge debt and people are saving more and consumer spending is not picking up.US ans all global markets surged up on the back of some encouraging economic data particularly about increase in consumer spending  but how long is it going to sustain ?? Unemployment is a  big concern and as people are unsure about future they tend to save more and do not spend .

 All this has been nicely highlighted by Bill Bonner of .www.dailyreckoning.com
You can read about it in detail  http://dailyreckoning.com/the-credit-cycle-has-turned/

One should just keep this simple things in mind as  media talks about Nifty going to 5500-5700.