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News Link • Economy - Economics USA

Here's The Biggest Sign That Investors Are Freaking Out About The Fiscal Cliff Today

• http://www.businessinsider.com, Joe Weisenthal
 As Dave Lutz at Stifel, Nicolaus points out, defense stocks are "ground zero" for the fiscal cliff, since the cliff is supposed to whack defense spending.

As such, the ITA ETF (defense) is down over 3% in the wake of Obama's victory.

 

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