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ReadWriteWeb Predicts Bubble Yearly Since '04
Written by Allen Stern - October 18, 2007
This morning Josh Kopelman followed up my "Psychology of the Internet" post from yesterday with a great review of bloggers and journalists predicting a bubble since 2004. His closing sums up it perfectly, "Even a broken clock is right two times a day. By proclaiming a bubble every year, everyone can say they 'called it.'" I believe this is true of many of the stories that are hitting the 'Net these last few weeks. Because you know it's all about being "First."
Apparently my friends over at Read/WriteWeb top Josh's list of bubble mentions. I am certain Richard didn't make these quotes to be first like many of the other bloggers do. Here are their calls from 2004 forward:
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2004 - "The web is entering another bubble of optimism..." - Read/Write Web
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2005 - "At the Web 2.0 conference, I'm sensing the buzz of a bubble" - Read/Write Web
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2006 - "Are we in a bubble? Absolutely" - Read/Write Web
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2007 - "..Is the recent acquisition (Google/DoubleClick) fever a sign of a bubble?" - Read/WriteWeb
We can't control external factors (idiots buying real estate outside their means, wars, International Trade, etc.) but what we can control, let's make sure we are smart.
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2004 - "The web is entering another bubble of optimism..."
The valley and the web market was starting to recover in 2004, I know as I was out there making a film (In Search of the Valley). People were starting to become optimistic again.
2005 - "At the Web 2.0 conference, I'm sensing the buzz of a bubble"
Web 2.0 is a bubble on one level, and if it surfaced anywhere it was at the conference.
2006 - "Are we in a bubble? Absolutely"
Talk of being in a "bubble" and near a burst is very different.
2007 ?
:)
while you hardly keep tv journals or newspaper, it is very easy to search old posts...
in a sense bloggers should be more careful than journalists when predicting....
I love your sum up of the sub prime mess, priceless