Boeing has been one of the stock market's strongest stocks of the past 10 year bull market, rising from 25 to 450 a share.
Over the weekend, tragically, a Boeing 737 Max Aircraft, with 189 human lives crashed almost immediately after takeoff, the plane diving straight down into the ground, the second deadly crash like this in the last 6 months
Their is rife speculation that a design flaw in the aircraft is causing the plane to suddenly, and without warning dive straight down, with pilots unable to stop it.
In financial markets, bad news is often seen as an opportunity. Boeing's chart pattern has recently seen an upside pattern breakout.
With this accident, the stock will be under enormous pressure, as their are currently over 4500 orders for the 737 Max their best selling plane, with commericial aircraft accounting for over 60 % of their billions of $ profits.
The unthinkable risk of getting on an airplane like this, causes me to believe that the companies stock will now plummet, just like the aircraft.