This week, the STI did something it has never done in its history: it touched the 5,000 mark. For some, it was a moment of euphoria—a signal that Singapore is finally getting the “Big City” valuation it deserves. But for the seasoned investor, a milestone like this is often like a crowded wet market on a Sunday morning; there’s a lot of shouting, but you have to look closely to see if the fish is actually fresh.
