The Market Can’t Recover Without Tech-Stock Strength
Here’s a quick recap of the beleaguered technology sector:
Apple is still in bear market decline and sits around 20% below its $705 peak. The stock hit a 3-month low of $525.62 on 11/15 and still has technical damage.
Social media stocks like Facebook, Zynga, and Groupon that were promoted as a sure thing – are down between 45-90%.
Hewlett-Packard shares hit a 10-year low Tuesday. The company took an $8.8 billion charge claiming more than $5 billion of that amount was because of false accounting from the value of Autonomy
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