January 04, 2013 at 09:25 AM EST
Stock Downgrades: First Solar's Moment in the Sun Already Over?
MINYANVILLE ORIGINAL Despite the best efforts of Challenger Gray & Christmas Wall Street’s annual Santa Claus rally ended right on cue yesterday after St. Nick ordered all his reindeers back to the North Pole. (Adding insult to injury Rudolph Technologies (RTEC) slid an especially steep 3.16% after incurring a ratings reduction.) Defense and aerospace outfit Boeing (BA) bucked a down Dow (^DJI) day in advancing 0.52% to a fresh 52-week peak providing proof positive that the sword is indeed mightier than the pen. At least it is when the latter is on automatic presidential pilot. Goldman Sachs (GS) a.k.a. the “great vampire squid ” and JPMorgan (JPM) ...
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