Hot stock tip: big money in Armaments. (Devil In The Details).(defense industry stocks rise)

The big money's not in Washington: Until this year, every Wall Street wizard and garden-variety economics professor told investors to sink their money into deregulated tech stocks. The investments with boundless futures were in those sectors where government had relinquished its controls (telecom, energy transmission), or that relied on financial devices such as derivatives, on which controls had never been put in place.

Hype and the promise of fabulous IPOs drove investment. But funding from Washington? Did anyone even pay attention to federal contracts as a guide to picking ...

Read the rest of this article with a Free Trial at HighBeam Research.