I must first apologise for the Singlish title — but that was the exact phrasing I heard from a trading rep about four months ago. I was sharing that the Singapore market was turning bullish back then, and the STI was around 4,000. That question came almost immediately: “Still got upside meh?” And lately, I’ve been getting the same question in different forms — especially now that the STI has climbed even higher. Just yesterday, the STI touched the 4,300 mark intraday (a new all-time high), before closing slightly lower. Still, it’s a record. Why Are Investors So Scared of All-Time Highs? Many investors fear all-time highs (ATHs). They think that once a stock or index hits a high, it must come down — as if it’s some kind of ceiling. Like throwing a ball at the roof, surely it has to bounce back down, right? But the market isn’t governed by physics. It’s virtual. And all-time highs are actually bullish, not bearish....