Technical factors as well as fundamentals have driven the rise in TMT stocks, and just as a rising t...
Technical factors as well as fundamentals have driven the rise in TMT stocks, and just as a rising tide lifts all vessels, so companies of varying quality have been awarded exceptional ratings. This lack of discrimination is also visible in the manner in which old economy stocks have been ignored. The lack of liquidity in many of the newer sectors is being addressed along with a realisation that future cash calls will be an inherent feature of many companies in these areas. This is in contrast to old economy stocks, where a number of commentators have suggested - wrongly, we would argue - ...
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