Got the idea from a recent foolish post about the potential of a bubble in the web 2.0 space. If you stop and think about it, well, it does make some sense. Tools without a proven revenue source with billion dollar valuations? Given the media's preoccupation with Facebook and its ilk, the hype can only get worse.
Here is a prediction: the moment this recovery begins to take off in earnest, there is going to be a spate of IPOs by the social networking companies, with some interesting valuations.