EUPHORIA needed

NSE Nifty crossed the round number 4700 to close @ 4711.

1. Though the market registered significant gains ( YTD up 50%) we are yet to see euphoria.
2. I doubt strong markets correct easily without making euphoric moves though we are seeing some of it in midcaps ( Bharat Forge, ABAN ? )
3. Market Overshoots as a way of maintaining ecology ? ( DailySpec)
   
4. Excellent post on Invasion of Stock prices by Victor
5. Volumes remain low = Energy in the market is low. More energy has to be extracted by the market from the participants. What is the best volume path to achieve this ?
6. Real estate is lagging the market. Will new set of stocks ( Power, Education sectors ) lead this move.
7. Market may not wait for inflationary pressures to manifest. It will react first. Watch Autos, Real estate