It was actually expectable. I read Innovation and Entrepreneurship by Peter Drucker back when we were living the first bubble, and it is amazing how much the do

It was actually expectable. I read Innovation and Entrepreneurship by Peter Drucker back when we were living the first bubble, and it is amazing how much the dot-com bubble followed previous technology disruption bubbles. The book seriously predates the dot-com bubble. It does not mention it. It's just that it perfectly fitted the events back then, and still does; something that is a hallmark of quality. According to Drucker, a first boom and crash is followed by a more shallow boom and slowdown, and then the tech is absorbed into everyday life and causes no more large market fluctuations.