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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?


To: gregor who wrote (1898)6/13/1999 5:37:00 PM
From: Mike McFarland  Respond to of 4916
 
However as, the world economies begin to cool toward the end of the year we shall see a rapid rise in the bond market taking us to new lows of 4.5% by the end of spring 2000.

Wow. I'm going to hold you to that{:-)}

I am never sure of anything, but for at least a few
months, I think US rates will be headed upward, the
dollar will be heading down...the yen and the Nikkei
up...the American markets down. Precious metals are
oversold--I finally looked into the chart at stockcharts.com
--in a week or so I'll check gold again to be sure it
made a convincing bottom, and report back.

You may have bad data on that CO2 thing--the long term
trend of co2 concentrations is steadily up. There is
an annual cycle that might have thrown you off, but
there is no reason to beleive that humanity is sending
less co2 into the atmosphere, or that the envioronment
has suddenly adjusted and is sucking it up better than
before. I suppose some year to year variations in net
sea surface temperature anomaly could put a tiny blip
on that co2 concentration curve (La Nina>cool>slightly
more co2 might be dissolved into the ocean) but I am
confidant that you are wrong about your co2 idea. If
only for the fact that China is burning so much more
fossil fuel each year and laying concrete faster than
any place in the world. Yikes.

Anyway--that's a quick run down of my forecasts.
fyi I've mentioned before that mostly I'm in microcap
US biotech stocks, and a person would probably want to
avoid the health sector alltogether in a rising interest
rate/falling US market environment, but think I should do
okay just by stockpicking--news items pending on half my
stocks within a few months. Hope I do okay, not that I
have a lot of money at stake, basically one years income,
peanuts in the scheme of things. In twenty years I will
need to make the correct choices, I've plenty of time
to figure out how to play this game.