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


To: Russ Motter who wrote (921)9/5/1998 11:23:00 AM
From: Angler  Read Replies (1) | Respond to of 4916
 
Russ:

Except for FSUTX I've whimped out of the market, even sold out of the financial that I bought 2 days before.
I finally came to the conclusion late we're either in a Bear pause market or we're not. And decided we're in the former. So turned half my funds and half my chosen stocks into M.Mkt. and Investment Grade Bonds. Lots of losers in the later. Watched CCI go down from 180 to 90 and still kept it 'cause I own it cheap; I'm not a happy camper.
This Luwinski thing coming to a head soon plus disruption in commodities inc. oil in South American, Asian countries and Iraq force these stricken economies to put their only raw assets up for sale inc. oil and doesn't bode well for the energy market. Maybe a terrorist counter attack? Wait till some of the Boomers see their Investment statements coming forward, and I'm unsure if their exuberance will continue?
My time frame in age limits my confidence at this point.
If Disney goes down to 25 or Dell down to 75, I'll think about jumping in.
Keep your powder dry.

Angler