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

To: Angler who wrote (3234)	12/28/2000 10:51:32 AM
From: Julius Wong	Respond to of 4916

Angler: My guess on the success on FSVLX: 1. Rubin left last year. The new manager is Victor Thay. Victor is doing a good job. 2. Fidelity has good S&L analysts. Peter Lynch made a pile of money on S&L when he managed FMAGX. FSVLX had a good record in mid 1990s, until the P/E of S&L became too high. 3. In the cycle expecting lower interest rates, usually financial services move up first, then insurance, followed by banks, finally S&L. The reason is probably the time projection for profit generating from lower interest rates. In a lower-interest-rate environment, it takes longer for S&L to show higher profits than the financial services. Julius