Green Dog dem

Monday, April 16, 2007

Aero/Space Defense Sector Weakness Telegraphing future of Iraq war

Over the past 3 to 5 days there has been a trend down in Aero/Space and Defense stocks. In spite of massive earnings increases Def stocks have started to go down. In fact in after hours today several of the Def stocks lost over 1% additional. I think this selling is by large institutional investors that see US defense spending going down in the next several quarters. As we scale down our involvement in Iraq regardless of what the Bush adm is saying. The writing seems to be on the wall at least in the mind of investors.

Labels: , , ,


Post a Comment

<< Home