The equity market has found itself relegated to bit-part player in the technology stakes in the last 12 months, a far cry from 1999, when the internet revolution seemed set to transform share trading. Throughout 2000 first the credit markets and then the foreign exchange markets began to exploit the internet more. And then there was the March-April Nasdaq crash, followed by another stock price crash which also hit the New York Stock Exchange. Equities, for three years the big money-spinner in many investors’ portfolios, as well as the breeding ground for countless new business proposals, suddenly wasn’t so hot.
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