Closing price: 3252.55
P/E: 13.89

PE10 = 14.15

A little late on the update for the PE10. Anyway, at these levels, the STI is still far from the long-term average PE10 of 19.9x. Although one may argue that at 19.9x, the implied yield is only 5%- hardly a good indicator to be buying anything.

At these levels, I will be looking to move to cash if the markets move higher.