Posted by 8N'r---WI on December 03, 2010 at 09:40:16 from (12.104.244.6):
In Reply to: Re: Investments posted by JayinNY on December 03, 2010 at 09:01:19:
I love and thank the media for creating some of these opportunities......remember ALL the Auto companies were going to go bankrupt----even Ford, who didn't need TARP funds to stay afloat...
That BS from the media, added to the fear and emotion that drove Ford's bond prices down to $600/bond...bonds that matured in less than 1 year for $1000....and paid 5.75% coupon to boot....more than a 70% return on your money holding that high risk "going out of business" Ford Bond.....
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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