Apologies.  I' ve re-posted due to too many typos. 

If  we were to do a chart of the STI for the last 10 yrs, we might  be  surprised at what we' d see - that it has gone down by abt 30%, from close to 4,000 pts then  to < 2,800 pts now.    Yet, if we were to take a closer look at the same constituent stocks that made up the STI then that still form part of the index now, we' d probably find that many of them have fundamentally strengthened in terms of capital base, balance sheet n performance.  N if we cld do an exact apple-for-apple comparison of all the stocks listed here from that same date 10 yrs ago and now, we might find    that mkt capitalisation  has shrunk  > 50%.  That is the kind of world class mkt, set in one of the world' s great financial centres, we are talking abt.  Will it shock us or shame us as Singaporeans?  Probably not.   It only confirms what kind of illusions we are probably  living in, n how a management with such apparently inept performance n showing seemingly so poor imagination n foresight has been allowed to continue on n on.