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Monday, February 12, 2018

BSE's Sensex 100000 is Happening a Lot Sooner Than You Think!

BSE's Sensex 100000 is Happening a Lot
Sooner Than You Think!

From Equitymaster Conference 

The last speaker for today is the first market technician we've heard from, editor of Profit Hunter Pro and Peak Profit Alert, Apurva Sheth.
Apurva has a bold prediction, Sensex 100000 by 2024.
If earnings keep growing by 16% CAGR, we are there!
But what's the chance of that? Very good according to Apurva, and it's all thanks to human nature.
That's because human nature remains the same, irrespective of the era.
For example, consider this quote:
"The children now love luxury; they have bad manners, contempt for authority; they show disrespect for elders and love chatter in place of exercise. Children are now tyrants, not the servants of their households. They no longer rise when elders enter the room. They contradict their parents, chatter before company, gobble up dainties at the table, cross their legs, and tyrannize their teachers."
That might sounds like something you said to yourself the other day, but it was actually said by Socrates some 2,500 years ago.
Point is, we like to think we're unique, but the truth is we're not that unique. Human history is about 2 million years old, and there are repeating patterns throughout.
Apurva makes recommendations based on these three simple principles:
  • History repeats itself
  • Prices move in trends
  • Market action discounts everything
If all this is true, then according to Apurva, the next 6 years will be extremely profitable for Indian investors...
Apurva's market cycles: 1992 to 2000 was flat, 2000 to 2008 was up, 2008 to 2016 was flat... if history repeats itself, then 2016 to 2024 is UP...

BSE's Sensex 100000 is Happening a Lot Sooner Than You Think! Reviewed by S. Chitra on February 12, 2018 Rating: 5 BSE's Sensex 100000 is Happening a Lot Sooner Than You Think! From Equitymaster Conference  The last speaker for today is the f...

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