Energy Select Sector SPDR (ETF) (AMEX:XLE)
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Seeks to replicate the total return of the Energy Select Sector of the S&P 500 Index. It unbundles the benchmark S&P 500 and gives the investor ownership in particular sectors of industries that are represented by a specified Select Sector Index.
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During 2008 it became obvious that we are on the cusp a permanent state of petroleum scarcity thanks to dwindling reserves and Asian growth. That, combined with the weakening dollar, will give about 2 years of ongoing earnings growth in energy companies that exceeds the growth rate for global GDP. After those two years, alternative energy approaches will really start kicking in and I expect this ETF to flatten out.