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

To: JR who wrote (1051)	10/15/1998 7:13:00 AM
From: Jim Battaglia	Respond to of 4916

CBS reports that Investors sifted through a mixed batch of third-quarter earnings reports Wednesday, opting to view the glass as half-full. What you're seeing is a lot of people starting to feel nervous that they've missed the bottom in stocks. The bad news on earnings is out and people have expected it. Overall 83 companies, or 17 percent, of those in the Standard & Poor's 500 index had reported quarterly profits, according to earnings compiler I/B/E/S Inc. On balance, the results show earnings fell 6.5 percent from the year-ago quarter. Investors are essentially not picking up stocks based on positive surprises and they're certainly trimming the losers out of their portfolios. About 68 percent of companies have come in above expectations, which is a little high [historically]. We need to stay focus on Technology. They will lead the market out of this. They always have and always will!!!! I like to see the average move their 19 and 50 day average for confirmation. Thanks for checking out my links: Have lifetime members now in over 12 States and Canada. California and Virginia being the heavy concentration. Since I am from Virginia, I am stacking the deck!!! so to speak... Looks as though California has many on the internet...