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     Print Edition: December 16, 2007

Has the long and sustained bull run in the stock markets finally run out of steam?

No. R. Sreesankar, Head (Research), IL&FS Investsmart The liquidity position in the stock market continues to remain firm, despite anticipation and fears of it drying up. Going forward, we may see occasional bouts of corrections in the market, but as long as the growth story remains intact and liquidity flows continue, the bull run will carry on unabated.

Maybe. Paras Adenwala, CIO, ING Investment Management The answer to that question depends on the perspective of the person seeking an answer. Yes, it is true that there is little upside potential in the market if your investment time horizon is less than one year. However, if your investment horizon is more than three years, the bull run still has a lot of steam left as the long-term Indian growth story is still intact.

No. Gurunath Mudlapur, MD, Atherstone Institute of Management The current correction is just consolidation after a sharp run-up. The worst case scenario now is the market going down by another 1,000 points. We are still very much in middle of a bull market and the momentum will continue.

Compiled by Mahesh Nayak

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