The Obama stimulus bubble?

Anticipating an increase in infrastructure spending, speculators have run up the value of construction stocks since the election (and since Obama announced a push for an increase in public works spending). Shaw Group, who's been hired as the contractor on the Swepco plant up in Hempstead County, has seen its stock surge 22% just in the last week. Shares of contractor and construction materials maker Granite Construction are up nearly 70% in the past month. Thanks to Muleboy for the link.

It seems pretty risky to just pick a stock out of the sector and hope for the best, but exuberant investors need somewhere to park their money, I guess.