Video of Sensex breaking 20,000
Video:
The video is a great example of a market topping during excessive optimism. While the market was very close to a top in price, the majority of analysts in the marketplace were all recommending a bullish opinion and suggesting much higher prices. When markets get this frothy, they are almost always near a top. This action and reaction was very similar to the 2000 top in the w when everyone was bullish near the top.
The video displays the television broadcast of the BSE Sensex breaking through the 20,000 level which was only broken for a short period of time. This index now currently trades at 9,000.
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