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My answer is Yes it is. I am no way trying to say that markets are always predictable and safe, but there are times when you know that things are not clear. We are just coming out of a sever meltdown of global economy, inflation looks a certainty (Look at prices of pulses, sugar and all other commodities), monsoon is way below normal, and don't forget the H1N1.
Yes i agree that the uncertainty of the market is the reason why i write and you read and visa verse. But a patient coming out of a hospital should not just start running. The correction was sever and a bit more then warranted, but market going back to 15/16 plus PE in just a matter of six months looks a bit too optimistic.
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