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Blue-chip tech stocks were some of the biggest winners during the bull market we exited in January. And that just happened to be the longest bull market since World War II.
During the six-year bull run, the "FANG" stocks, an acronym for Facebook, Apple, Netflix, and Google, all posted triple-digit gains.
Now we've entered a bear market. And it's sent the Nasdaq down 17% from its July highs.
Many of the most popular tech investments, including FANG stocks like Apple and Amazon, are being dragged down with the rest of the tech sector. Apple Inc. (Nasdaq: AAPL) and Amazon.com Inc. (Nasdaq: AMZN) are down 11% and 26% this year, respectively.
Money Morning Chief Investment Strategist Keith Fitz-Gerald wasn't surprised by the losses of major tech bellwethers this year. Fitz-Gerald made his usual appearance on FOX Business Monday to discuss why tech stocks are dropping in 2016 and the best way to play them moving forward...