News analysis

Bull market that outlived them all faces swift death

NEW YORK • It has been a house of cards, a gift to the 1 per cent, an experiment in monetary policy taken way too far.

Now, a bull market that for 10 years has confounded and chastened its detractors is staggering up to death's door.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on December 27, 2018, with the headline 'Bull market that outlived them all faces swift death'. Print Edition | Subscribe