Topic: Re: OT.Anyone recall the 20%+ Wall St drop 25 years ago|
[Show Entire Topic] [Return to Forum]
[Show Entire Topic]
[Return to Forum]
[Add a Reply]
[quote="agpilot"](quoted from post at 15:16:15 10/19/12) It was refered to as Black Monday and the general market dropped over 20% on this day 25 years ago. Almost no one could connect to their Brokers let alone place any Market orders.. Yes I know this is not "directly" related to fixing farm equipment but there were a lot of Ag companies wondering if they would be forced to fold up back then on that day..
There has to be a market like Wall Street for the United States to function... ask the CEO of all the largest Ag conpanies.. John Deere, ADM, Cat etc.. I watched a few hours of the action on FNN cable that day and an average 20 percent change is a real wild ride. Some companies value was cut in half The wildest day I've seen and I started investing in stocks over 40 years ago..
I think the bigest Ag related companies have tried to take defensive action against a melt down like that.
I had only been investing a few years, but I didn't react to the plunge, just rode it out, I ended up +20% for the year.
|Same-Day Shipping! Most of our stocked parts ship the same day you order (M-F). Expedited shipping available, just call! Most prices for parts and manuals are below our competitors. Compare our super low shipping rates! We have the parts you need to repair your tractor. We are a Company you can trust and have generous return policies! Shop Online Today or call our friendly sales staff toll free (800) 853-2651. [ More Info ]|
| Copyright © 1997-2013 Yesterday's Tractor Co.|
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
Yesterday's Tractors - Antique Tractor Headquarters
|About this site - Yesterday's Tractors is your one-stop source for antique tractors. If you are interested in older tractors you've come to the right place! Join more than 275,000 other classic tractor enthusiasts from all over the globe. We have many resources for antique tractor enthusiasts available including photos, classified ads, more than 24 tractor discussion forums, a show guide, values, specs and much more. Bookmark this site and come back often. Thanks for stopping by! Feel free to use our feedback form to send us your comments, suggestions and ideas.|