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Sell Sensex!

India's benchmark stock index, SENSEX, created history on Monday, May 18th, 2009, by shooting up 17% in a single day after the re-election of the Congress party to power.

I don't think this rise is sustainable; we will see a big correction within a day or two when investors and speculators alike will start to book profits. I think it's best to sell all Indian stocks at this point; there will be opportunities to buy on the dips.

I sold mine today.

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