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Strategies & Market Trends : Fidelity Select Sector funds

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To: Julius Wong who wrote (533)12/11/1997 12:40:00 PM
From: Angler  Read Replies (1) of 4916
 
Julius:

The Asian crisis now seems to be dragging more and more on all aspects of this market. I don't know about you, but I took another look at utilities recently (and Fidelity has some good funds). I feel that this is the safest place to be for a while.

I moved some of my IRA into Utilities and tomorrow, the 12th when that fund goes ex, I may move some M.Mkt. 055 into some more.

Both Select and regular Utility Funds have picked up speed as have many individual utilities all over the screen. I think investors realize that the old standbyes, stay at home, plain vanilla power companies are still a good safe bet in the long run.

I'm going to leave my FSESX portions still left alone.

Angler
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