Lockheed Martin (LMT) is apparently recession proof because most of their contracts are locked up with the US Gov't. Clorox (CLX) is apparently recession proof because people typically continue to purchase cleaning products during a recession. Interesting too is that CLX has been down for nearly 2 years now. I looked back to the dot com bubble and both of these stocks outperformed the market significantly. Do people really believe there's such thing as a recession proof stock and if so are there any other ones that come to mind?
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