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Scott Sacknoff
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SPADE Indexes develops and manages sector, theme, and regional indexes used as the basis for investment products including exchange traded funds. Included among these is the SPADE Defense Index (NYSEarca: DXS), a benchmark for companies involved with defense, security, and space. The index... More
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  • The Top Threat is NOT North Korea 0 comments
    Nov 23, 2010 12:47 PM | about stocks: PPA

    Even after North Korea's attack on a South Korean island, the country is not a top threat (until they have nuclear weapons that is). Right now analysts just see the country as posturing as the country switches leadership from Kim Jong-il to his son.  Lest we forget, six months ago, the North torpedoed a South Korean ship and technically, although there is a "cease fire", the Korean War never officially ended.

    Terrorism, cybersecurity, Iran, and China all rank higher as threats to the U.S.  As of mid-afternoon, the defense sector remains in play, with the Powershares Defense ETF (NYSE: PPA) off just 0.73% vs. the S&P500's broader market sell off of 1.59%. YTD, the SPADE Defense Index remains up 3.45%.

     



    Disclosure: Manager, SPADE Defense Index
    Themes: defense, Korea, powershares Stocks: PPA
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