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

To: Julius Wong who wrote (4574)	6/3/2002 10:33:15 PM
From: Julius Wong	Read Replies (1) \| Respond to of 4916

No Safe Haven: Dollar's Slide Reflects Wariness About U.S. By JACOB M. SCHLESINGER and CRAIG KARMIN Staff Reporters of THE WALL STREET JOURNAL The dollar appears to be beginning a long-anticipated slide, and that could keep U.S. stock prices in the doldrums and put upward pressure on interest rates. The dollar's decline against the euro, the yen and other major currencies signals a slackening of global investors' seven-year ardor for the American economy, which helped to propel this country's bull market of the late 1990s. A growing number of global money managers have begun to find other parts of the world more appealing, which threatens to reduce the more than $1 billion a day that foreigners have been sending to the U.S. in recent years. "A love affair is dying," Morgan Stanley investment strategist Barton Biggs observed after a recent trip through Europe. ... ... ... ... online.wsj.com