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Implement Alley Discussion Board

OT.Anyone recall the 20%+ Wall St drop 25 years ago

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Posted by agpilot on October 19, 2012 at 15:16:15 from (

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.
So how many here on YTMag have invested in Ag companies??.. Likely not too many but Wall Street does play a big role in the Ag world Like it or not so in fact this is an AG related post more then many topics here.. Anyone been holding Stock in Ag companies?? ag


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