Fidelity Select Sector funds Message Board

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Strategies & Market Trends : Fidelity Select Sector funds

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To: MoneyPenny who wrote (4674)	7/3/2002 9:23:48 AM
From: Angler	Read Replies (1) of 4916

My viewpoint: the only thing holding this market up around here in California is real estate. I think real estate has done in this mild Spring what it usually does during the Summer months, and I think it's going to be over the top before this year's over. Today I'm buying far out puts against the indexes. I should have done this months ago when I first got your idea of "plunge protection." Plunge protection reminds me of big nets placed somewhere down beneath the highest parts of the tallest buildings. This would have saved a few during the Great Depression but not their wallets. I held on to one gold stock - "gg". There, perhaps, is one of the world's richest gold mines. Other than that Fax and and reits are still high on my list. Angler

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