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p/e is around 20 - feels too high to me, inflation is low so high pe maybe be ok for now.Large caps are fairly valued , small caps are still cheap.

I own a small amount of EWS,I own much more in EWY (korea) - looks cheaper.

On the ground here in Singapore is see a drop in interest rates and a real estate boom, so the economy seems to be doing fine. I see nothing wrong except some frothiness in real estate. Still a pe of 20 just worries me, I like to hold only the cheapest stocks so the korea index and some small caps in singapore still feel better than owning the full index.

Any specific picks in singapore ?

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