Interesting point. For me it's more a question of whether the post-2016-election rally is organic. "Why the appreciation in value" is a different question than

Interesting point. For me it's more a question of whether the post-2016-election rally is organic. "Why the appreciation in value" is a different question than "why hasn't the stock sold off?" We have seen incredible growth in market cap. Ultimately Boeing does big business with the Department of Defense and their spending is up, but the lion's share of Boeing's profits come from commercial aviation if I'm not mistaken. The tax cuts and cash repatriation holiday were great too, but how much can that reduction in tax burden really account for this rally in the value of BA? Seems like a sell to me on first glance, but the fact that there is strong support here at 330 despite all that has happened is telling that some big money players are confident that Boeing is irreplaceable. A friend of mine refuses to bet against BA because it makes up a large component of the DJIA, which the President appears to treat as his own personal economic scoreboard.