The market assumes that Boeing is too big to fail and largely ignores this news. I made quite a lot on the short term BA calls after the Ethiopian disaster. Lon

The market assumes that Boeing is too big to fail and largely ignores this news. I made quite a lot on the short term BA calls after the Ethiopian disaster. Long term, the crony consolidation of Boeing, Lockheed and Douglas commercial airplanes will probably greatly diminish the US market share in lieu of the new East Asian competition. But unfortunately no effective long-term short instruments exist (with a time horizon of 5-10 years). I think if they existed, they would have dampened the stock market bubbles.