The Defense Sector ETF Is Telling Us No One Is Worried About The Fiscal Cliff

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Tuesday, December 11, 2012 The Defense Sector ETF Is Telling Us No One Is Worried About The Fiscal Cliff Stifel Nicolaus strategist Dave Lutz recently told us that defense stocks are "ground zero" for the fiscal cliff, as the sequester would likely slash government funds going their way. So, we'd consider the Aerospace & Defense sector ETF (ITA) to be a decent proxy for confidence in a fiscal cliff deal. LPL Financial's Jeff Kleintop just tweeted that the ITA hit a major milestone. "What Fiscal Cliff/Sequestration?" Kleintop asked rhetorically.  "The Defense stock index hit a new all-time high today." Here's a look at the year-to-date performance of the ITA via Bloomberg.  Anyone betting against this is getting slammed. Read » Also On Money Game Today: And Now... Another Bubble CHART: The US Has One Of The Lowest Tax Rates In The Developed World Advertisement CHART OF THE DAY: The Epic Implosion Of The Green Energy Bubble CHART OF THE DAY: THE SCARIEST JOBS CHART EVER CHART OF THE DAY: Germany Is Pulling Off Another Economic Miracle Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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