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

To: Angler who wrote (1014)	9/26/1998 8:53:00 AM
From: Julius Wong	Read Replies (1) \| Respond to of 4916

Angler: You gave us two good funds. FSPHX is a great long term fund. Low interest rate always helps FSUTX. In a risky market FSPHX and FSUTX are excellent funds. If we don't have a bear market, I also like tech funds and financial funds for 1999. Tech funds are often product cycle driven. Several major new products will be introduced in 1999. Intel's next generation chips and Microsoft Office 2000 will help tech funds. Traditional the financial sectors do well in a late business cycle. If we are in a late business cycle, there is a good chance the financial funds will out perform the market. But in the old days there were few hedge funds, no currency future games in emerging markets. Banks and brokers usually make good money in low interest environment, if they don't over play hedging they should have fat profits. Let's hope Mr. Greenspan will provide liquidity and lower interest rate soon. Julius