Huge Cuts Coming to This Market Sector, What This Means for You

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Read More  : http://www.investmentcontrarians.com/debt-crisis/huge-cuts-coming-to-this-market-sector-what-this-means-for-your-investments/1445/

March 1 is a very big day for many people. Unless Obama and the Republicans make a deal prior to that date, billions of dollars in spending cuts will be enacted.

Of all the areas that will be hit, I think the defense market sector will bear the brunt of the cutbacks and the future viability of corporate earnings in this sector is certainly in doubt.

At this point, Pentagon officials are now planning for $46.0 billion in cuts for the remainder of 2013. The total amount to be cut in the military market sector is $1.2 trillion over the next decade. (Source: Nissenbaum, D., “Pentagon Readies Budget Ax,” The Wall Street Journal, February 11, 2013.)

Read More  : http://www.investmentcontrarians.com/debt-crisis/huge-cuts-coming-to-this-market-sector-what-this-means-for-your-investments/1445/

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