1999: The internet is the most revolutionary invention in history and will dramatically change every aspect of human interaction. We are in an entirely new paradigm now where 'old order' metrics such as earnings have no meaning. For the foreseeable future the land grab is all that matters. New economy stocks will continue their irrepressible upward trajectory for years to come. 2013: The Fed is the most powerful player in market history. Its commitment - backed with almost limitless trillions of printed dollars - to ensure the stock market never plunges puts us in a whole new paradigm. No one with any sense dares to fight the Fed. Stocks will continue going up for years to come. It's different this time, right?