STI hits 2½-year high on liquidity rush
Banks and Genting win big in November, but the lenders are approaching technically overbought territory
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WATER, water, everywhere, nor any drop to drink. We are quoting an epic English poem here, while ruminating on the fall of water treatment star Hyflux, which is trading near a 15-year low this week.
Liquidity continues to slosh around global financial markets, while Bitcoin crosses US$10,000 despite its exchanges being one hack away from disaster.
You can't eat a Bitcoin, there are numerous competing alternatives, and when nuclear winter does arrive after North Korea and the US lob missiles at each other, there will be precious little electricity left for you to turn on your e-wallet.
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