In a recent Alert, we sold PetroChina (from both Growth and Income; see p.5). This doesn’t mean we’ve grown any less bullish about energy, energy stocks, or even about the underlying fundamentals of PetroChina, China’s major oil company. Our sale was purely a response to the massive surge in the shares that resulted mainly from the bubble-like enthusiasm for everything attached to China’s own stock market (see p.10). PetroChina had started behaving more like a…

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