Just looking at the Chinese tech stocks the last 24 hours. Sohu sank 1.23%, Linktone sank 2.30%, Shanda slid 3.52%, China Unicom went down 3.48%, and Netease slipped by 3.73%. It's like 2001 all over again with volatility everywhere, especially in the last week since the world markets have been sputtering along.

The biggest hit seems to be from Jupitermedia, which owns the internet.com stable of tech websites. JUPM blew my mind with a 17.73% drop in one day. Wow! Though the company has no China presence (I was a personal observer of their ill-fated and poorly executed China foray in 2000/2001), and its slip is attributed to other factors, it's still a bad week, in general, to be a tech stock. Maybe this is why Allyes took the Focus Media buyout…

Note: I don't any of the stocks mentioned here.