I'm curious to see how many people who think we're in a bubble were around for The Bubble in '97-99. From where I'm sitting, this is not even close. Consider:

I'm curious to see how many people who think we're in a bubble were around for The Bubble in '97-99. From where I'm sitting, this is not even close. Consider: There were IPO's like every other day. Often, these companies were less than a year old. People were driving up the wrong company's stock by 10% in a day because they mixed up the ticker symbols. Stock swings, usually positive, of 30-50% in a single day were not uncommon. Companies with no business at all were raising hundreds of millions of dollars in VC. The number of VC firms was exploding. AMZN, SUNW, DELL, and the like would go up 3-5% pretty much every day Day traders with no experience were plowing tens and hundreds of thousands of dollars into the market. There were companies who did nothing but cater to these people. (Not many of either are left). Kids fresh out of college were being paid $125,000 to write plain HTML and getting pissed off if they didn't get huge raises. Webvan - look it up. So, I guess I' not seeing a bubble. Just a few wacky valuations here and there.