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Domestic security's a winner today. Has to be. The Democrats love to spend, just like the Republicans, but they like to spend it on Homeland Security, to demonstrate domestic toughness. Bomb detection (

Thermo Electron

(TMO) - Get Report

,

American Science and Engineering

(ASEI)

) and inspection (

L-3 Communications

(LLL) - Get Report

and

FLIR Systems

(FLIR) - Get Report

) are the best ways to play it.

I would not outthink this theory. You need to have lots of hearings, lots of meetings, lots of changes before you get this spending boost.

That said, it's a great theme, money out of big defense into small defense. And it's a theme that most likely will produce good for everybody; in the end, we'll just layer on domestic security because the Republicans will fight like hell to back their own companies:

Northrup

(NOC) - Get Report

,

General Dynamics

(GD) - Get Report

and

Lockheed

(LMT) - Get Report

.

Short-term, bad for them. Longer-term, no big deal.

Random musings:

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At the time of publication, Cramer had no positions in any of the stocks mentioned in this column.

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