My personal take is the markets will pick up, particularly early. We should get an innaguration bounce (regardless of politics, markets dont like unknowns and the legislative and excutive branches are both filled with lame ducks) and we should get a normal February bounce.
The Dow usually starts to recover 6 months or so before the end of a recession. It appears we hit a hard floor at 8000. Since the first of December it seems that the market is trading with a floor of 8300-8400. Certain stocks are really trying hard to rally. Look at the companies that have solid financials and deal in durable goods. Cat was trading in the 30s, it was the first company to rally on the market rallies and the last to fall. Now, its holding in the 40's. Deere is the same way, on a 35 range.
I read on TDAmeritrade that the money on the sidelines, right now, in money markets and treasuries is equal to 75 percent of the TOTAL value of the Russell 500. We are looking at real, new, government spending on the order of 300-500 billion in the next fiscal year with a repeat the next. Thats hugely pro economic growth. I have serious concerns about what it will do long term with inflation but over the next 4 years Im expecting a strong breakout to begin sometime in mid 2009 with the discount rate at 6 percent by late 2011.
As to equipment prices, we have just come off one of the best years in agriculture, ever. Fuel prices are down, fertilizer, especially nitrogen is down and the commodity complex is trending up. Old iron is under pressure because its a hobby in most cases. New and good used iron will at best drop a token amount off last years highs to reflect lower steel and fuel costs but remember, there are shortages of new equipment. I read this a.m. that Kinze was going to make planters up through March for spring 2009 delivery.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
... [Read Article]
Latest Ad:
Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
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.
