I noticed that defensive type stocks moved considerably higher today after the WSJ printed this story about changes within the military budgets. Other stocks in this sector include GD, LLL, RTN, and NOC. While their longer term charts are still extremely weak, they would be a sector to watch with a few more strong outings like today.
Let us hope that the government isn’t relying on the war machine to bring us out of this recession. That would be so typical and extremely wrong on many fronts. They should be cutting back the military spending and bringing our troops home from this nonsense in the Middle East.
