In the last 24 hours, many stock markets around the world have touched all time highs.

These include:

(Some of them are at three year highs. I do not have earlier data for all indices and thus could not confirm.)

Argentina Merval
Brazil Bovespa
Canada S&P TSX Composite
US Dow Jones Indistrials Average
Hong Kong Hang Seng
Indonesia's Jakarta Composite
Pakistan's Karachi 100
Netherlands AEX General
Norway OSE All Share
Peru Lima General
South Korea's Seoul Composite
Turkey ISE National
India's BSE Sensex.

Many other markets are close to their all time highs.

There are no signs of an over-heating yet, but somehow I have the feeling that this might be the last wave of the strong bull run, that equities have seen in the last few years. The beginning of a new corrective wave may be just around the corner.

Growth of many economies, including big ones like US and India, is slowing down and yet equities are jumping to new highs.

No one can predict when a bull run will end. Selling or shorting in such strong markets does not make sense, but investors should keep caution and not over-leverage themselves.

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Thanks for sharing this with us, your informations are very accurate...

Alchemist,

You stated

"I have the feeling that this might be the last wave of the strong bull run, that equities have seen in the last few years. The beginning of a new corrective wave may be just around the corner.

Growth of many economies, including big ones like US and India, is slowing down and yet equities are jumping to new highs.

No one can predict when a bull run will end. Selling or shorting in such strong markets does not make sense, but investors should keep caution and not over-leverage themselves"

In retrospect, that was an excellent call on your part. Did you book atleast partial profits back then ? Even a 1/3rd profit booking would buy back the entire position in today's market.

I didn't sell much at the top except for a few shares.

I closed most of my longs around 14800 and bought a few shares again between 12000-10000.

I didn't sell everything initially because I was expecting only an intermediate correction to 12000-14000.

However, things turned out to be much worse than what anyone (including me) had anticipated.

I still don't have the guts to aggressively buy stocks. Whatever I have bought is in "mini" lots.

As many analysts have stated this is "once in a century crisis".

No one really know how bad things will get, before they start improving again...especially for the western economies.

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