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Strategies & Market Trends : Fidelity Select Sector funds

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To: James F. Hopkins who wrote (1397)12/24/1998 11:54:00 AM
From: James F. Hopkins  Read Replies (1) of 4916
 
BTW , also watch quote.yahoo.com^TYX&d=5d
If the yield by some chance gets back up to 5.5% ,
stocks could take a tumble..
quote.yahoo.com^TYX&d=3ms
the fact that recently the
stocks have moved up with the yield, is disjointed
any way, seldom stocks can fight that bond market yield curve
for very long. Almost never if it moves a .5% or more, and
the more they fight it then the more they will pop when they do
adjust to it.
I'll predict IF it makes 5.5% the broad stock market
will tumble 10% or more from where it is now.
Jim
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