Obama - WTH ~ Tech-stock wreck has destroyed $529 billion this year

[AlexVega]

Where is the Obama? Does Obama understand the stock market? Does Obama understand how to use a computer? Can Obama figure out how to read the news off an iPad?

The bad year for stocks is getting worse by the minute -- and tech investors are feeling the brunt of the pain.

The 462 information technology stocks in the broad Russell 3000 index have shredded a total of $529 billion this year thanks to their average decline of 14%, according to a USA Today analysis of data from S&P Capital IQ.

Crashing stocks have served up a brutal reminder why betting on speculative stocks in the technology sector is dangerous business when investors get nervous about growth. The tech-heavy Nasdaq composite index is the worst hit major index of the major ones investors watch - sliding 13% this year while the broader Standard & Poor's 500 is off just 8%.

http://www.msn.com/en-us/money/technology/tech-stock-wreck-has-destroyed-dollar529-billion-this-year/ar-BBpb2Gs?ocid=spartandhp

 

[AlexVega]

proof that Obama is a failure