I think this story borders more on sensationalism than indepth analysis. The link below shows the same person to be forecasting 30,000 level as recently as end Sep, 2007. While he could have changed his opinion after that, but in my opinion, to give the complete story, this information should also have been provided. Atleast, this would have clearly shown that - nobody can accurately forecast the market in the short term - Investing is the game of long term thinking, investing in a company and not speculating in a bazaar, and high caution - the opinion of so called experts is as good as anybody's guess Sep 26, 2007 Mkts to rally 40-80% from current levels: First Global http://news.moneycontrol.com/india/news/market-outlook/mkts-to-rally-40-80current-levels-first-global/03/00/305044