I would say a bit more like 1997. I was young but kept thinking, "That which is good is not novel, and that which is novel isn't good." That said, we had the giant crash, but based on the dow jones the low in 2002 was the same as August 1998 but you can really look at the lost decade as to the true impact of the bubble.

The question isn't if there will be a crash - there will - but there are always crashes. And there are always recoveries. It's all about "how long." And what happens to the companies that blow the money and then find out they can't fire all their white collar workers?

(Or, what happens if they find out they can?)