90年代中期以来，以信息技术和互联网为代表的“新经济”一路走高，扶摇直上。但自今年3月达到历史最高点后，美国纳斯达克指数一再重挫，市场恐慌不已。纳指走入“熊市”是否意味着“新经济”无以为继？“新经济”为何转向远在1994年时，美国经济曾呈现过热迹象，美联储一再调高利率， Since the mid-1990s, the “new economy” represented by information technology and the Internet has been rising all the way. However, since the highest point in history this March, the Nasdaq index in the United States has repeatedly plunged and the market panicked. Nasdaq into “bear market” means “new economy” unsustainable? Why the “New Economy” Turned Far As 1994 saw signs of overheating in the U.S. economy, the Federal Reserve repeatedly raised interest rates,