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Strategies & Market Trends : Fidelity Select Sector funds

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To: Mike McFarland who wrote (1018)	9/30/1998 12:35:00 AM
From: JR	Read Replies (1) of 4916

Mike, sorry for the delay! Basicly the way I see it is the problems all started in Asia and it must be taken care of in Asia. There are many, many troubles within the entire region, China is just a small part of the economies of Asia and a big holder of US bonds. Bill Seidman, (old timers, remember him)is advising China and they know that a devalue will hurt in the long run, Japan headfaked everyone with this banking issue, (I don't think its meaningful)but the currency is still under pressure (they are pegged to the dollar). Here is a link that I think is the best source of daily info out of Asia. scmp.com I haven't seen much on CNN or CNBC about China, however if the news about a wave of possible devaluations in Asia is true it wil not look good here in the S&P and Fido Select JR

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