Internet boom is under way: "'The enthusiasm was well placed, it just got ahead of itself in many respects,' Ms. Meeker said, speaking at the Interactive Local Media 2004 conference in Jersey City, N.J., Friday. 'As we have said for a long time, from a wealth-creation standpoint, we believe we lived through a boomlet, followed by a bust, followed by a boom.'"—The Wall Street Journal

So maybe Bubble 1.0 was really just a "bubblet" and this one is going to be the real bubble. To quote John Kerry, "Would that it were!"