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

To: rkf who wrote (2440)	3/24/2000 8:08:00 AM
From: Angler	Respond to of 4916

The Baby Boomers equation is probably the sleeper in all this froth. They will continue to buy what they know and love. I grew up on trains, Lincoln logs, erector sets and nickel popsicles. You're right. I bought into the sectors because I'm heavy on trading and light on holding. But I can't seem to continence "funds" dropping 10% in one day. Individual stocks - yes. I never thought I would buy a stock priced over $100 but many are paying lots more than that. The Boomers around here have plenty of money. A few pseudo fashion restaurants (to my tastes) that overcharge for average quality European atmospheric fare some to attract some new rich patrons that enjoy the spending more than the eats. The inflated bill draws better than the chow me thinks. Pres. Roosevelt I remember well said, "The only thing we have to fear is fear itself", and he was a big spender, so I guess we're all right. Like one old timer said, "The good old days are now" Excuse the long winded reply. Angler