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Strategies & Market Trends : Fidelity Select Sector funds

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To: Dennis who wrote (3243)12/31/2000 11:57:39 AM
From: seminole  Read Replies (1) of 4916
 
Dennis

Not that I know what I am talking about but these are the assumptions I am operating under.

Looking forward I see a weaker economy.
I see the Fed lowering rates.
I see a rally in January leading up to the Fed cut.
I see the $dollar getting weaker with the economy.
I see people and the market figuring out the economy is still getting weaker in March and April even with the rate cuts.
I see a 3-4 month debate about recession or soft landing.
I see a retest of the lows before midyear.
I see the market doing well by the end of the year.

I am averaging out of FSESX and FBIOX and into FSAGX and FGMNX. I need to see the economy prove this is a soft landing and or I need to see a testing of the recent lows in the NASDAQ before I jump back in Techs/Biotechs.
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