STI’s lack of tech companies has a silver lining after all Last week’s US NASDAQ and Hang Seng Index dipped significantly due to the sudden jitters about the obvious tech bubble that has been upheld by wishful investors trained by the ridiculous rallies since 23 March 2020. Charlie Munger’s recent comment about online trading platforms came in at the right time suggesting that small-time investors supported by social media underestimated the risk attached to investing. Before this bubble started to pop, I was thinking that if there was a prolonged rally for those popular counters, once profit taking starts, those pseudo investors will start averaging down aggressively, therefore, risking their “hard-earned” gains during a downturn. The situation is accentuated by leveraged traders who have been trading with credit as they might default on their loans and expenditure causing stresses on the financial system. Circling back to STI, we should be glad that our main counters...