Is the current rally in Indian Stocks rEaL !!

Since the election results (16-May-2009) Indian stock market has been on a roll , reason being expectation that the re-elected Govt will announce more
Measures for economic growth and stability. But again what we are seeing is the ugly raise of the P-note gambling money coming back and moving the stock prices high , if one observes the BSE Small and Mid-Cap and NSE 100 have raised higher than the benchmark index, more than 1000 stocks have raised more than 50% from their lows in a span of 3 weeks !!!!! . My view is to be more cautious and wait till the new FM announces the interim Budget 2009 in July. With many views that global economy is stabilizing and so on , only time will tell us how it will all span out. For now pls choose gold as your investment for some time, you can either buy actual gold or better yet invest in Gold ETF funds like BENCHMARK GOLD ETF, KOTAK GOLD ETF, QUANTUM GOLD ETF , RELIANCE GOLD ETF and UTI GOLD ETF . NOTE : Only QUANTUM GOLD ETF offers the best deal for small investors , they allow you to buy 0.5gm instead of 1gm gold by all others which means their unit price is 50% less than other listed ETFs which is very good for small investors, thanks Quantum.
As of 27-May-2009 these are the ETF prices
QUANTUM GOLD ETF - 717.02/-
All other GOLD ETSs - 1410/ (Avg)