Consider how dotcom mania showered wealth on every jaunty entrepreneur with the glimmering of an idea but not a clue about earnings.

CNN: ASIANOW - TIME Asia | Is the New Economy Dead?

The NASDAQ trades at half the level it reached during dotcom mania.

ECONOMIST: Markets

Certainly, regulators are scrutinising their track-record during the recent dotcom mania, when the price of so many new issues fell steeply within days.

ECONOMIST: Investment banks

There are echoes here of the herd instincts let loose by the program trading of 1987, or the dotcom mania of the recent equity bubble.

ECONOMIST: Too clever by half