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

To: Julius Wong who wrote (2270)	2/9/2000 1:54:00 AM
From: Russ Motter	Respond to of 4916

Julius~The headlines now hype Biotech in 2000 but Terry Laundry concludes it's just a simple late rotation within a strong Nasdaq trend. Shifting investor preferences and sector rotations are the topic of a Feb 8th post at the TTheory site. ttheory.com and is a good read for those interested in the cyclical nature of mass investor psychology. Terry's quite perceptive in his analysis of investor preferences that often undergo a "fad like" existence that lasts 5 to 10 years. So it's just a fad but it reinforces my decision today to close a big position in that large cap specialist's Tom Marsico's Focus Fund. How fitting in a cyclic way that at the end of his run, it was the media hype that landed this "manager of the decade" on the cover of this months Money magazine.~russ