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


To: Julius Wong who wrote (3388)2/14/2001 7:27:06 AM
From: Julius Wong  Respond to of 4916
 
What's in Mr. Greenspan's mind? I don't know.

He probably wants slow grow.

Let's assume slow grow, what's ahead for tech stocks? At this time the average P/E of Nasdaq 100 is over 100. It's unlikely people will pay 100 time P/E in a slow grow environment. Nasdaq has more to fall because of lack of buying.

FNINX at $5 looks like a good bargain. But if Uncle Greenspan likes slow growth, FNINX is no bargain at $5.