Towards a broader perspective

Many commentators sense that a turning point has been reached for financial markets, but lack of conviction (or courage) prevents most from nailing their flag to the masthead as to its future direction. Over the past six months we have witnessed a truly extraordinary global surge in tech-related sectors (TMT). During this phase two themes dominated the thoughts of investors: that technology holds the key to future growth and that traditional industries were particularly vulnerable to the intensifying pressures of the new commercial world. Crude as these generalisations may be, at least th...