With a strong start in 2015, the STI has gained 13% over the last 12 months. It seems that worries of an oil bear has been left behind as investors snap up blue chips in their 100 shares shopping spree before the chinese new year. Currently I do believe that this uptrend is likely to continue, mainly due to the expansion of hot money globally, as seen by the loose monetary policies by countries such as Europe, China and Japan which are the 2nd to 4th largest economies in the world. On the down side, the greatest worry would be the spike in interest rates lead by the US. On the balance I still see the singapore market pushing forward and a target of 3500 would seem realistic. The STI is really not expensive, at 14 times earnings along with over 2.5% in dividend yield I think it still ......