The New Economy, think internet, and all the related products and services which have grown out of that singular invention. Online advertising and marketing, social media, information technology. It's a virtual world, the leading edge of technology. Which, at least in theory seemed immune to the vicissitudes of life. It isn't important if traditional industry and retail suffer a recession, if I can access my virtual world. That, at least, seems to be the basic premise for many investors. Namely, that the New Economy, can rise above the business cycle. And can continue their growth to the sky.