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Non-Tech : Invest / LTD
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To: The Ox who wrote (7139)2/4/1999 11:52:00 AM
From: SJS   of 14427
 
Mike, judging by Fidelity's Select Electronics which was up 20.66% for January, it could take a breather, but MSDW just upgraded the chip equipment guys today (PRIA one of my oldtime flames!!) and I think they're are go to rotate through this sectors sub-elements, possibly keeping it stronger than the general market.

Sure it will pullback, but I expect people are more worried right now about the fed perspective and a change of stance that might be coming (reading the meeting tea-leaves from December), more than earnings.

If we get a tightening or even a threat of such, a reasonably sized tsunami will come through the market....
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