A personal market indicator

I regret to inform my readers that in recent weeks, my personal market froth indicator has been triggered strongly. Puzzled by that statement? Let me go back a little and explain. Do the Indian equity markets now resemble a mug of beer that has been poured too quickly? Will that froth on the top deflate and settle quickly, or does it have some staying power? How can one figure out whether the market has something solid and sustainable? There are a lot of serious indicators that are generally used to answer that question-you know, the usual suspects like valuations, profit growth and so on. There are also some apparently light-hearted indicators that sound like jokes but do actually work well. For example, when headlines about rising stock market indexes appear in white newspapers instead of just pink ones, stock prices may have overreach