The financial markets have finally woken up to Boeing's criminal behavior around the certification of the 737 MAX:

Boeing shares were falling in premarket trading Monday after analysts from at least two firms cut their ratings and price targets in light of recent revelations about the Chicago aerospace giant's grounded 737 MAX jetliner. Credit Suisse analyst Robert Spingarn cut Boeing to neutral from outperform and pared his price target to $323 from $416 after publication of instant messages by an ex-senior test pilot at the company that he "unknowingly" misled safety regulators about a 737 MAX control system."We can no longer defend the shares in light of the latest discoveries, [which] significantly increase the risk profile for investors," Spingarn said in a note to investors.
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Boeing was the Dow's biggest loser on Friday, closing down 6.8% to $344.

At 1:00PM EDT Boeing was down to $330. Since the second deadly MAX crash Boeing's share price decreased by more than 18%. On Wednesday Boeing will reveal its quarterly results and may well announce billions more of losses.

The bad news for Boeing continues to come in.

Consumer advocate Ralph Nader, whose grandniece died in a 737 Max crash, says that Boeing CEO Muilenburg and the entire board need to go. Nader says that the plane should never fly again.

There are signs that Boeing will reduce or even completely stop the production of new 737 MAX at least until its re-certification is assured. Currently Boeing still produces 42 MAX per month without delivering any to its customers.

The downgrading of Boeing comes after a three years old exchange between two MAX project pilots came to light:

The exchange of messages in 2016 between the two lead technical pilots on the Boeing 737 MAX program was released Friday after regulators blew up at the company for belatedly disclosing the matter. The messages reveal that the flight-control system, which two years later went haywire on the crashed flights, was behaving aggressively and strangely in the pilots' simulator sessions.
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"It's running rampant in the sim on me," 737 Chief Technical Pilot Mark Forkner wrote to Patrik Gustavsson, who would succeed him as chief technical pilot. "I'm levelling off at like 4000 ft, 230 knots and the plane is trimming itself like craxy. I'm like, WHAT?" (Spelling errors in the original.)"Granted, I suck at flying, but even this was egregious," Forkner added.

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In the Nov. 15, 2o16, message exchange, Forkner tells Gustavsson that MCAS is now active down to Mach 0.2 — meaning at low speed, not just in the high-speed maneuver for which it was originally designed. He adds that it will now be necessary to update the description of the system, presumably referring to material Boeing provides the FAA."So I basically lied to the regulators (unknowingly)," he texted.