In a remarkable coincidence, the NIFTY and the DOW JONES hit all time highs today in the midst of a strong global bull run. Markets opened gap up today and were range bound with a downward bias for most part of the day. Suddenly, in the last 1 hour of trading, there was a sudden spike (the 2.30 effect?). Markets are likely to open gap up again tomorrow. Looks like this is a good time for investing in the stock market, globally. However, there are concerns that the market would not be able to absorb the huge new offerings in the primary market.