TMT sector proves it has staying power

Throughout the whole of 1999 and into 2000, everything that was good or worth owning in the market became symbolised by a three letter acronym - TMT. That is technology, media, and telecommunications, and the three sectors combined formed a single market grouping and enjoyed an unassailable position as the darlings of the investment community over this period. Then in March this year momentum in the area stalled and in a short space of time TMT became a cliché which investors were almost embarrassed to be associated with. Now in May, two months after their peak, these stocks present som...