On another note --- Way back up in the thread - someone asked me about a couple of stocks -- that were "defense" related... I don't remember the names or who it was that asked - but my thought was to be careful with this sector because I think with a couple wars winding down and the budget cuts coming - that defense spending is most likely going DOWN not up.... And todays news confirms that...
That is news that needs to be "traded" --- because you can't sit on your hands for 10 years or so while a company shrinks... So if you own "defense" related stocks -- I'd be getting out of those. Boeing has commercial aircraft and hopefully their sales overall can continue to grow.
Boeing and other defense companies face shrinking Pentagon budgets. The Defense Department is currently trimming some $450 billion over the next decade, and cuts could go deeper.
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