In today's edition, Brendan discusses defense cuts, and in particular a recent Wall Street Journal article that stated defense contractors were planning to disclose massive job cuts before the November elections if Congress doesn't act on sequestration. Sequestration would mean another $500 billion in automatic defense cuts over 10 years, beginning January 2013. Considering this is an election year, not much is expected to get done before November, so this is a potential way for defense contractors to highlight the issue. In the video below, Brendan discusses what this means for defense contractors, and if any of them deserve a spot in your portfolio.
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