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

To: Angler who wrote (1017)	9/26/1998 3:30:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 4916

Interest rate cut JR suggested in an earlier post One dark cloud on everything, China will devalue after a fed rate cut Maybe he could elaborate on this? That is a very dark and stormy looking cloud, Yes? I am not actually sure we need a fed rate cut--the want ads here in Seattle are many pages, huge demand for workers like I have never seen--although it may peak out if Boeing begins the next cycle of layoffs in a year or so (Boeing management is incompetent; a backlog of orders yet no profit, now talk of layoffs, it is just crazy...but I digress). On the energy front, Georges has some strength again, but I think I have learned that fsngx tracks the market and energy in general, not so much interest rates or Natural Gas futures, which I knew--but you always want to beleive that these sector funds are more focused then they actually end up being (I would like that anyway). and from Angler we have Some big changes are coming with networking and $500 PCs I want one of those 10lb laptops with the huge active screens, but make mine a Linux box and put it at the end of a cable modem. But I don't think we are going to see that for awhile--hey, maybe a cool networked $500 PC could run BeOS at the end of a cable modem, hmmm. But that is definately "OFF TOPIC". Regards all, great thread Julius. --MM

To: Angler who wrote (1017)	9/28/1998 1:11:00 AM
From: Russ Motter	Respond to of 4916

Angler and Mike~ Great contrarian thinking. A traders market indeed. Still looking for a basement trade within a month, many do not understand how a bear phase could occur with low inflation and low interest rates however most recessions were consistently associated with falling prices in the late 1800's. Is that relevant? Maybe. An old Irish proverb says, "Good luck beats early rising.",but in the market you get lucky by getting places early. I'll hold FSAGX as long as the dollar falls. Could this be the week the consensus on rates changes? How many more hedge funds will the Fed have to bail? The banks are forced to come to market for more capital or see a sharp contraction in their lending activities. Interesting times.~Russ