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Strategies & Market Trends : Fidelity Select Sector funds
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To: Angler who wrote (2797)7/31/2000 2:22:46 PM
From: selectinvestor  Read Replies (2) of 4916
 
There are two emotions that will define trading in August : apathy and fear.

Now that earnings season is over, there will be no real reason to buy
anything ( except financials, the August Fed meeting will move finacials ).

During the Dog Days of August, most investors and many analysts go
on vacation, leaving a directionless, apathetic market that will
drift sideways or down.

If the markets drift down too far fear will take over and many
investors will dump their stocks, but most investors will
still be gone so there will be very few buyers to support prices
and this leads to a traditional August Collapse.

I would not be surprised to see a further collapse in technologies,
while other sectors mostly drift.

The good news is that an August Collapse usually leads to a
September recovery.

Russell Cox
selectinvestor.com
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