09-08-2021, 05:28 PM
(09-08-2021, 04:30 PM)ken-do-nim Wrote: Just checking in to say hi to everybody. I've been busy with the Jewish holidays, so I just looked at my stocks after a few days. I see that COF is still in free fall, and I'm worried about DFEN. I see that it started trending down since mid June, and I'm wondering if the end of the Afghan war spells hard time for the defense sector. Sadly, I don't have a cash position to take advantage of some of the lower prices out there. I was tempted to rob a bit from my Emergency Fund until my car started not starting until I jiggle the gear shifter first, um gotta got that fixedI am certain the end of Afghanistan and the major defense stocks have extremely little correlation. Rifles, pistols, machineguns and other low level arms have little to do with LMT,RTX,NOC, LHX, BA etc. They build zillion dollar fighter jets, cruise missiles, space based weapons. That is not what Afghan or even Iraq has been about after the initial assault 20 years ago.
Budgets and political chatter are in play, but we have no control of that and it never goes away for more than a few years. Always part of investing in the sector.