Lots of pundits are talking these days about the need for investors to strike a defensive posture in the stock market right now. Everyone is concerned about what might happen with the tapering of bond purchases by the Federal Reserve and how that might affect the stock market.
Instead of flocking to the traditional defensive industries, investors might be better off flocking to defense stocks as a safe haven.
Investors seem to have bought the story of lowered defense spending and increased government cutbacks hurting the stocks in the industry. The truth is far different … and many of these stocks have best of the best fundamentals right now.