"Speculation has been excessive, " says Chia Yew Boon of Crosby Securities.

CNN: How the government is cracking down on speculators

Not so, says Lee Kuan Yew, the sage of Singapore.

FORBES: Singapore's Lee Kuan Yew Talks America's Strengths And Weaknesses

He is not a man that one likes, but "a man that one respects, " says Singapore's Senior Minister Lee Kuan Yew.

CNN: Red star