early-stage growth stocks, uncorrelated w macro environment

Zynga went from 0 to ~$10-20 Billion in equity value in a shit environment with ~double digit unemployment, a goddamn financial crisis impairing all credit, and a burgeoning populist revolution. Most of their rev is predicated on virtual goods purchases, not even advertising. 60 MM daily active users buying virtual cows for their virtual farms. There is absolutely no correlation between these viral trends and the overarching macroeconomic environment, the wall of maturities in 2012, sovereign risk issues, currency volatility, energy prices - nothing. Social networking, mobile, social gaming, merchant offers, some cloud subsectors may in fact produce uncorrelated alpha and could infact reduce portfolio risk.

think about that mr. public investor, think...