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Strategies & Market Trends : Fidelity Select Sector funds

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To: Mark who wrote (904)	8/28/1998 3:09:00 AM
From: Russ Motter	of 4916

Mark~The great irony concerning the Robertson Stephens Contraian Fund was that BankAmerica made Paul Stephens a muli-millionare on the buyout even as his so-called visionary premise of long-term global economic growth impacting the demand for commodity-based securities was falling apart. Paul's latest public statement "I was wrong" says it all. Three BARS funds have folded, is Contrarian next? Today, a very sad day watching a great bull market struggle under the enormous deflationary pressures...finding it's end...particularly since many people will be hurt by it. News events starting to overshadow the technicals now. Gann quarterly chart confirming now, and once more cash is not trash.~Russ

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