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

To: Aggie who wrote (2895)	9/6/2000 9:58:52 PM
From: Julius Wong	Read Replies (2) \| Respond to of 4916

Aggie: Now the strongest sector is energy, followed by financial. I like FSESX and FSNGX for the longer term. I believe the financials will be weaker later in the year. By traditional classification, FSPHX, FSUTX are defensive funds, should be favored during uncertainty. But now both FSPHX and FSUTX are weak. At this time I have 45% in financial funds, 25% in energy, and 20% in technology, 10% in FBIOX. What's in the future? I don't know. My feeling is that by the third week of October money will flow back to tech sector and biotech. Good investing, Julius

To: Aggie who wrote (2895)	9/6/2000 11:46:32 PM
From: seminole	Read Replies (1) \| Respond to of 4916

Aggie It is interesting that the oil market is so strong before OPEC will meet to discuss production increases. The market seems to be saying there will be no increase, or the increase will be too small or increases don't matter because oil can't be shipped or refined any faster. Which one is true? Since you seem to be ready to move out of oil, am I reading the market wrong? Since I hold FSESX, I am hoping for an increase in production rather than an increase in oil price.