Yup, I remember those, as well... and we are still here to tell about it. My only exposure in 2001 was some Dell stock, but I'd paid 9 cents for it, adjusted for splits... so there was no great "loss" there, although it was freakish to see so many crash and burn.

Fundamentals matter. In 2001-02, people were selling Yahoo, Amazon and eBay, as well as complete junk. Anyone who held onto those would be a gazillionaire now, indeed.