10 years after the TMT crash, technology is more imbedded in our everyday life that anyone would have then dared forecast.
Although it was only 12 months ago, it is worth recalling the depths of the gloom that enveloped equity markets during the first few months of 2009.
While the rise of global equity markets over the past year has been extraordinary, it is good to put it into context.
There is momentum gathering behind the argument that Europe is the sick man of the World.