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


To: Julius Wong who wrote (2202)1/18/2000 12:10:00 PM
From: Angler  Read Replies (2) | Respond to of 4916
 
A very astute observation, Julius. Technology rules the day.
Did you notice that Bob Brinker - the market timer - has backed off his positive outlook for stocks? He's very capable and has been positive, but now recommends reducing equity exposure to 40% of one's portfolio and including about 15% in Overseas. Too high P.E. in the Index is the main culprit?
I went along with Elaine G. a few yrs. ago when she faxed a friend subscriber "to sell his stocks." I spent about an hour doing just that with sector and other funds that evening and rued the day later -not too much later.
It's going to be very interesting to see the results of Brinker's outlook although I noticed this AM that there was nothing but good earnings being reported. However, the Dow is beginning DOWn.
Angler