Fidelity Select Sector funds Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Fidelity Select Sector funds

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Shihchung Diana Shiue who started this subject	12/31/2000 3:59:25 PM
From: selectinvestor	of 4916

From this week's Commentary ... The Good News 2000 is the worst year for the major market indices in 30 years. The NASDAQ ended down - 39.3%. This index has never had a year this bad in its 30 year history. The second worst year was 1974 when the NASDAQ ended down - 35.1%. The S&P 500 ended down - 10.1%. The S&P 500 has not lost more than 10% since 1977 when it suffered an - 11.5% loss. The Dow fared a little better ending down - 6.2%, but this is still the worst year since it posted an - 9.2% loss in 1981. What is the good news in all of this? In the worst market conditions in thirty years, our portfolios have delivered very solid gains. Our Portfolios 1998 1999 2000 Investor's 11.4 % 30.9 % 24.0 % Technology NA 66.6 % 1.04 % Security 24.7 % 23.7 % 12.8 % Buy & Hold NA NA - 2.69 % S & P 500 28.6 % 21.0 % - 10.1 % December 31, 2000 The Bad News There will continue to be a lot of bad news in the coming weeks. As earnings warnings give way to disappointing earnings reports and the economy continues to slow, there will be no incentive for renewed momentum in technology and other growth sectors. Thus, the overall market should continue weak and directionless, but as the January 30th Fed meeting nears and hopes for lowering interest rates rise, the financial and other value sectors should continue to do well. What This Means for Us The Santa Claus rally passed most investors by this year, but because we moved out of technology sectors and into financial sectors we had a very strong December. The S&P 500 was up a modest 0.38% in December and the NASDAQ lost - 6.6%, while our three diversified portfolios gained between 6.07% and 8.96%. Our currently strong sectors should continue to be strong in January. Russell Cox selectinvestor.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next