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

To: Julius Wong who wrote (914)	9/2/1998 12:21:00 AM
From: JR	Read Replies (1) \| Respond to of 4916

Hi Julius, I went to cash a while ago and would like to think I got, OH about 20 percent ;-) It's to early to ask, but give it a couple of days and let us here your best guess on the market and the Select's Hope all fared well JR

To: Julius Wong who wrote (914)	9/2/1998 8:44:00 AM
From: Angler	Read Replies (2) \| Respond to of 4916

Hi, Julius: I agree that money markets are not the place to be with the new low PEs available in the sector funds and inc. the whole market. In hindsight I wished I had moved back into European funds yesterday while the rebound was evident (knowing that they would follow our lead). Oops too late. I was busy trying to make daily bread. As far as small cap stocks are concerned, I've given up on them. I'm holding what I've got, but the only place to be is in big caps and popular issues. Looking for unwanted unknown jewels to arise is a forlorn business lately mostly. This Friday's employment report and the long weekend that most traders don't want to sit out traditionally could produce another buying op. if the report is negative (which means a plus for high employment). I have a strong feeling now for Fidelity Finance; the big banks (CCI new low) have taken an awful hit. Japan is coming under pressure from both Rubin and Greenspan in a coming meeting and the Germans holding their interest rate down. Russia's worst problems have been all discounted into the business I think. It looks like a quick recovery in that sector? What's your take here? Anyway today I'm nibbling back in. Angler