A Geek With Guns

Chronicling the depravities of the State.

That’s a Shame

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The 34th Ferengi Rule of Acquisition states that war is good for business. However, the 35th rule states that peace is good for business. However, peace isn’t good for some businesses:

While the broad U.S. stock market reaction to the historic agreement between President Trump and North Korean leader Kim Jong Un to establish a new relationship committed to “peace and prosperity” was muted, shares of defense contractors took a dive.

Shares of Raytheon, which makes Patriot and Tomahawk missiles, closed 2.8% lower. Lockheed Martin, which supplies the Pentagon with air and missile defense systems as well as the F-35 Stealth fighter jet, tumbled 1.3%. And Northrop Grumman, which has increased its focus on cyber warfare and missile defense systems more recently, declined 1.5%. Boeing, which makes Apache helicopters and aerial refueling aircraft, dipped 0.1%. General Dynamics, a Navy shipbuilder, fell 1.6%.

That’s a shame.

If you own stocks in these companies, fear not! This “dive” is almost certainly temporary. The United States enjoys involving itself in wars far too much for peace to remain in the public’s eye for long.

Written by Christopher Burg

June 13th, 2018 at 10:00 am

Posted in News You Need to Know

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