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

To: Dennis who wrote (299)	10/31/1997 8:21:00 PM
From: Angler	Read Replies (2) \| Respond to of 4916

Hi Dennis: I beg to differ. Hong Kong lost a lot more off the top than we did. The Asian countries are facing currency devaluation. We are going thru a correction driven by early profit taking mostly by institutions and fund managers locking in their years profits for sure. Don't forget the ladies of America have been buying stocks in the last decades along with their fathers and brothers. We have become a two edged sword. Just think when I was young our mothers didn't write checks and many didn't drive cars. Americans buy at the bottom now as well as the top. The drillers like Julius Wong predicted are still going to do big things thru this year and maybe a lot longer. You can bet on it. Angler