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1929 Forty cents to nickel Cotton 2007 $4 corn to?
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tex
Posted 12/9/2006 12:01 (#71516 - in reply to #71359)
Subject: RE: 1929 Forty cents to nickel Cotton 2007 $4 corn to?


I don't think these economical times are the same as 1929, but I think they are alot like the years prior to 1929 that led to the 1929 event.With people tring to live beyond their income.and depending on stock market and property value escalation to raise their net worth.If you know corn will go higher you should by 1 million bushels at the market on monday with no sell stop.But what I am saying is we have already had a gain in the last two months to raise a lot of farmers net worth by $250,000 to $500,000.If you would go to Vegas and start winning you know what would eventually happen if you let it ride.If you havent sold at least cover yourself to your own comfort zone and protect most of this wonderful equity you have gained
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