Stock Downgrades: Boeing About to Crash
Posted on January 17, 2013 at 09:24 AM EST
Dow Industrials (^DJI) snapped a five-day winning streak dragged down by beleaguered Boeing (BA) as the World Bank cut its global growth forecast. (An organization lead by a rapper really should know better for as giant-of-the-genre Puff Daddy declared It’s All About the Benjamins.) Winemaker Constellation Brands (STZ) put in a celestial showing surging 6.15% to a fresh peak on a bullish Buy initiation. As Cassius said of the debt ceiling in Julius Caesar Act 1 scene 2: “Default dear Brutus is not in our stars But in ourselves.” (I quote from memory after having a few too many of the company’s Robert Mondavi malbecs.) ...
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