Thursday, August 02, 2007 5:31:48 PM
By Jim Cramer
from TheStreet.Com
About this story:
This defense bull market gains steam every time we see a new poll showing that Hillary Clinton's pulling ahead. To get elected she needs to out defense the GOP, and I think she will. With the defense budget from the war soaring, you can see why a General Dynamics , a Raytheon , a Boeing , or a Northrop Grumman/Lockheed Martin could go much higher. Add the fact that these companies will be paid -- there is no mortgage problem here -- by the U.S. government or by the rich governments overseas, and you get a group that has become an ultimate safe haven for this moment. Small number of players, an election year and not one, but really two wars -- Afghanistan -- and you can see why this group's going to be rallying for some time. At the time of publication, Cramer had no positions in...
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