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

To: MoneyPenny who wrote (1702)	3/27/1999 12:06:00 AM
From: Angler	Read Replies (2) \| Respond to of 4916

Money Penny: The whole energy sector looks awfully good to me today. No 1 - the ASE alone was up for the day which signifies oil exploration cos and drillers which are a big component in that exchange must be moving. I haven't even checked but usually the case. No 2 - the Asian market appears to be recovering. An article in the C.S. Monitor reveals that Asians are not selling their gold trinkets and ornaments any more into the Aussie recycling market and in fact are beginning to buy gold back - a sign of recovery. Oil usage will follow? No 3 - The 2 energy sectors that we have both were up again today in a down market confirming that the latest OPEC agreement has solidified opinion for higher sustained oil pricing. No 4 - two major oil refineries near me blew up this month and the price of gas in California at the beginning of our driving season is up as high 1.45 gal again vs 90c two months ago. No 5 - the war in the Balkans is not going to hurt oil company profits and will increase interest in producers. I've never seen so many big off road vehicles and new SUBs on the highways as I do now. They're lining up in the commute lanes - gas guzzlers. Angler