PowerShares Aerospace & Defense (ETF) (AMEX:PPA)
Closed-End Fund
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I currently own this stock, but I am thinking of selling it soon.
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My thought on sector selection is to simply invest in where you pay your bills: utilities, consumer staples, telecommunications, pharmaceuticals and defense (you pay taxes, don't you?).
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will continue to grow
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Has been returning 18 - 20% over the last two years and will probably continue.
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ECONMY IS USING MORE MONEY
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THIS STOCK WILL CERTAINLY OUTPROFORM AND BASED ON THE RISING DOLLAR SHOULD BE A BIG WIN
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power ball
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There is going to be another arms race.....The west vs. Russia/China. Putin is awash in Petrodollars and is going to spend it on defense. We will react by doing the same!
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US commitments to sell or provide defense items to Middle Eastern countries and ongoing requirements for the war on Islamic terrorists should provide a long term boost to this sector. Increased aid to Israel will be a natural result of this.
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It appears we'll always need defense. Good way to spread risk all over the big guys as well as smaller guys
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all the great r and d . and war isnt going away
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With Dems coming into office in January, the defense and aerospace industry will stagger for a few months, until the first spending bills come up for discussion, then we'll be back to business as usual. In the meantime, I'm holding off.
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Geopolitical situation isn't going to improve for a long time and if so, not without significant cost.
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