The best defence is military stocks

There is some disagreement at the moment as to whether the world’s stockmarkets are near the end of a bear-market rally, or at the beginning of a long bull run.

There is some disagreement at the moment as to whether the world's stockmarkets are near the end of a bear-market rally, or at the beginning of a long bull run.

It's impossible to say with any real conviction which way things will go. So, given the uncertainty, it is probably worth making sure your portfolio is positioned a bit more defensively than usual. One way to do this, says Michael Sivy on CNNMoney.com, is to consider putting some money into companies operating in the defence sector itself.

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