MMJ is nearly a carbon copy of dotcom with its hot money syndrome, although the MMJ timeframe might be compressed. Money pouring in to anything dotcom. Stocks rising on thinnest of news; just a name was enough. Going parabolic, crashing to earth and rising and crashing again. Market caps astronomical then dashed. P/E in the thousands for the few that earned a dime. New entries by the week; hot money finds them, then abandons them; moves on. Fortunes made; other fortunes like sand leaving hands. Those late for party and investing at top wished they had never arrived. There were a comparative few dotcoms that survived.