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

To: Bernie Kaplan who wrote (1376)	12/19/1998 2:45:00 PM
From: James F. Hopkins	Respond to of 4916

Bernie; Looking at the TA, don't forget to overlay a dollar index to any index your tracking, ( unless it's the foreign webs ) as they have a dollar adjusted rate built in. Much of more resent come back in US stocks has been at the expense of the dollar. So often in fact most often, with other countries a drop in the currency value did produce a local rally, however in time the stocks followed the money if it didn't recover in a reasonable time span. We live in a global dog eat dog economy, and U.S. stocks won't be an island unto them selves not effected by a currency that gets weak..at least not for very long, if more rate cuts are in the wind then the dollar will likely drop more, some one could get hit with a surprise when the stocks start to trail it, as most big down turns do take 95% of the market by surprise. Our markets look far different to foreign money right now than they do to us. I can't get over all the people I see that never take the currency into consideration when they look at the highs or lows of stocks, it's one of the reasons E-Waving amounts to little more than voodoo, except for the very very short term, even then most of the wavers I follow have been late on calling the down turns. Message 5214259 Look at the Date and time. I was a day or two in front of the curve ; but that's the idea. I called a bottom Sept 1st..but after the next draw down in early Oct I posted Hong Kong would out do us short term, at the same time every one was bashing Hong Kong. quote.yahoo.com Check the percentage gain..Japan has also eaten our lunch since OCT..as have 8 out of ten foreign markets, but the masses over here are brain washed by CNBC and looking at indexes with peripheral blinders in place and think the peripheral is of little value, yet it's what sneaks up and hits them in the head with a 2x4. ==================== Jim