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The Wages of Sin Stocks

Q: You also invest in aerospace and defense. Which stocks there? And has war in Iraq helped?

A: Defense stocks actually lagged in 2003, and we told people that historically defense stocks do well toward the end of, or following, conflicts. Defense stocks have done very well so far in 2004. Something interesting that's helping to drive defense stocks is the fact that Kerry and Bush are both wanting to appear very strong on defense.

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