The Next New Thing? The Old Economy

Remember the stocks Mom and Dad used to buy? Well, they're back. Last week more technology firms were booted from London's prestigious FTSE 100 index of the top 100 stocks. Now only one pure technology company, Sage, is left on the index, and the rest have been replaced by the "old economy" companies that make and distribute the things we eat, drink, and wear. While information technology and hardware have become the worst performing sectors on the market this year — the capitalization of software companies has fallen by an average of 39% — old economy stocks have quietly lasted out...

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