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Strategies & Market Trends : Fidelity Select Sector funds

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To: Dan P who wrote (3539)	3/16/2001 8:53:03 AM
From: Julius Wong	Read Replies (2) of 4916

Dan: >> the concern about the Japanese banks is that within a week or two, they will have to mark their assets (including stocks of other companies that they own, that are way down), to actual market value, making their assets much lower, and that they will be further downgraded Downgrade by American institutions is an important issue if they borrow money from US. But they don't borrow money from US. In 1997-1999 many Asia countries had financial problems. Those suffered the most are the countries borrowed large amount from foreign banks, for example, Thailand. I believe that the foreign debt is critical. If no foreign debt the financial problems can be solved easier. >> re:techs. I think that it may take a longer timespan for investment interest I agree. I think we are moving more to a trading market of shorter time span than investment market. We are not going to see anything like the dot com bubble in a long time. We'll still need technology for education, health care, defense, etc. Regards Julius

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