5 Dumbest Things on Wall Street: June 26

Boeing, Boeing, Gone

Somebody wake us when the Boeing(BA Quote) Dreamliner takes off.

Boeing pushed back the initial test flight of its long-awaited 787 Dreamliner for the fifth time on Tuesday, citing a need to reinforce part of the aircraft. The flight was originally scheduled for late 2007, but production problems, a labor strike, and, if you ask us, really bad karma have caused repeated delays.

Boeing shares sank over 6% on the latest postponement, dragging down Dreamliner suppliers Spirit Aerosystems Holdings(SPR Quote), Goodrich(GR Quote) and Rockwell Collins(COL Quote) along with it. ...