Thought I would never say this. But I am going to blurt it out: It’s time to buy the stock of Boeing (BA) .
I know, that seems like taking your life in your hands. But I have been waiting for the head of the Federal Aviation Administration to fly on the 737 MAX and Wednesday he did, and the test looks like a good one. That might set in a chain reaction to get this jet sold.
Goldman Sachs recently put out an excellent piece talking about how the MAX recertification “could be a key catalyst.” It thinks that this test and others from Canada and Europe, which I think will fall in line, are going to be milestones that could lead to a year-end recertification.
There is, indeed, broad skepticism about everything I just said. People want to wait and see. I don’t think you can do that