Chips?

Semiconductors and semi equipment makers are starting to look very positive remember they moved first in the fall of 95 then into the first 1/2 of 96 and the rest is history. They also are very cyclical in nature so you have to buy when P/E’s are high and sell when P/E’s are low. As a sector semi’s often signal a big move in the market. Traditionally they stay flat to down for a very long time, but once they get going its time to jump on. I often tell clients better to buy them on the way up then look for bargains and wait. You could wait a very long time.