"We continue to believe that investor anxiety on Monsanto is misplaced as the company is not a cyclical stock but a technology growth machine that should keep rolling in 2009 and beyond, fueled by strong current product demand as well as an unrivaled pipeline, " said Robert Koort, an analyst at Goldman Sachs.

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As a cyclical auto stock and one based in crisis-wracked Europe, no less Daimler has gotten no love from investors in recent years.

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While Mr. Brown deserves credit for some earlier spending cuts to reduce a large inherited budget shortfall, the budget fails to address long-run structural problems, counting on a cyclical economic recovery and stock bubble for a bailout until the next self-inflicted crisis.

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