Markets are red hot again. Hit any asset class with some money and it throws back more. Gold, real estate, stocks—everything is up over a 12-month period. Stocks and real estate are back to the 2008 boom-time highs and gold is the new oil. Driven currently less by local events than global ones, what we are seeing is the dollar tsunami lifting asset prices. Two reasons are fuelling hard currency flows into India. One, the no-cost money in the US is looking around the globe for quick and easy return. Two, the sword of a double-dip hanging over the US gets India to become a separate sliver on the emerging market asset allocation pie. What should we do in such a market—keep our money in fixed deposits and lose purchasing power to inflation and taxes or keep going? Keep going but with the seat belts on.