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

To: Angler who wrote (1039)	10/10/1998 9:13:00 AM
From: Julius Wong	Read Replies (1) \| Respond to of 4916

Hi Angler: Thanks for your thoughts on bond funds and hedge funds. How do banks and brokers lend Long (Wrong?) Term Capital $120 billions on $4 billion of equity? You were right about more hedge fund bad news. Julian Robertson's Tiger management lost $2 Billion in one day! The market did well on Friday. Once again the 7450 support level held. The bears will see the bulls back to action next week. My feelings at this time: On the way down: gold, interest rate, US dollar. On the way up: technology sectors, financial sectors. Julius