From the low of 13,780 that the Sensex hit on August 17th, the index made a high of 17953 on 3 October 2007. This translates into a rally of more than 4,000 points or 30% in one and a half months, while pausing for some breath in mid-September at around the 15,500 mark. The super-acceleration phase of the Sensex is here, what some technical analysts call the fifth wave of a secular bull...

These are not lazy times. Employees are hyperactive, job-hopping. Employers are hyperactive, expanding their businesses. The stock market is the most hyperactive of all, yo-yoing in a gut-wrenching manner every other day. At times like these, it may be wise to be calm and laid back in your investment approach rather than chase every hot stock you can lay your hands on. It may be a good idea to...