Military Industrial Complex Stocks Sent Crashing as North and South Korea Achieve Peace
On the same day that the leaders of North and South Korea met and agreed to a historic peace deal, the five largest defense contractors in the U.S. lost more than $10 billion in value.
By Rachel Blevins
TheFreeThoughtProject.com
April 29, 2018
North and South Korea reached a historic peace deal this week, and as the leaders from the two nations met in person for the first time and agreed to pursue an end to the Korean War, it signaled an incredible breakthrough in diplomacy and sent the stocks of defense contractors in the United States crashing.
When North Korea’s Kim Jong-un shook hands with South Korea’s Moon Jae-in for the first time on Friday, they put thousands of people both at home and around the world at ease, as they agreed to a peace deal that has the power to break the tension that has been between the two countries for decades.
However, while peace may seem like the best possible outcome to the average person who is aware of how the ongoing war has hurt both North and South Korea over the years, it is a resolution that hurts the United States military-industrial complex, as can be seen by the results from stocks following the meeting.
On Friday alone, the five largest defense contractors in the U.S. lost more than $10 billion in value.
Lockheed Martin (LMT) started the week at $352.79 per share and ended it at $321.95 per share, falling 2.5 percent to a valuation of about $92 billion.
The Rest…HERE
