Budget 2009 and equity market

I hear people saying a correction is imminent post Budget as market has moved ahead of fundamentals. Similar set of people were making 3rd front assertions before election results. Then there are people ike RJ, who say that we are in a new bull run. I really dont know whom to believe. But one thing is for sure, we will always have people who will be on either side at any point of time.

My view is that given the announcement made by various ministers in the last few weeks and focus of the government clearly on implementation, it is likely that we could have a budget much better than expected. Government could lay a road map for financial sector reforms, disinvestment, borrowings for the year, food security etc. If this is the case, market could go up instead of falling.