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

To: gregor who wrote (923)	9/5/1998 8:15:00 PM
From: Angler	Read Replies (2) \| Respond to of 4916

Gregor: Thanks for your input. I live in Northern California and this week I purchased gas for 99c gal in Marysville using my credit card. I think the situation in energy will fluctuate with speculation on catastrophic news events that might affect upturns in both gold and oil. But I don't like energy stocks generally because they are inflation indicators. This market is not acting in accord with any past historic influences. When rates go down, utilities have always gone up. Other offsetting forces are not acting as they usually do. So the entire scenario is being propelled by hype and nervousness right now. Logic is flying out the window. It's great for day traders. I would watch the American Exchange where there are lots of mid cap resource cos. that deal in oil and gas. That Exchange might show a blip up sometime soon. Global Marine has got to be a good buy at around 10!! If you can wait, it should double in a year or two I'd bet? Bargains are out there in individual stocks. Usually with rising energy prices, everything else will weaken, but it appears that there is still an oil glut to me. However, the market usually predicts 6 mos out so one can take his time to get in. All I see now is a few stocks up and hundreds down daily so waiting can't hurt if you are buying diversified mutual fund groups IMO. Angler