Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (SnooKen) — Wed, 08 Oct 2008 19:00:08 GMT

Guys, my post was semi-tongue-in-cheek but I do suspect the troutlets and other fishable fishies are gonna have a bit of break from we fishing types 'cause one of the first things to be hit by an economic downswing and the loss of disposable income is the recreational industry.

And to paraphrase a famous person lampooning a famous person "Rather than being caused by Man, global warming may only be an indicator of The End of Days."

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (paxlev) — Wed, 08 Oct 2008 14:33:37 GMT

Bob, I received the 401 Keg Plan email a few days ago, and thought it was great. And, Bill O's comments, stated so elegantly in one sentence, are to the point. While fly rods are principally meant to be fished, the value of my rods has not tanked like the bank stocks that many unfortunate persons currently own. So, I agree with Troutbum. Thank god for bamboo rods and rising fish! Ric

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (pvansch1) — Wed, 08 Oct 2008 14:20:08 GMT

At this point and time - I'd like to have a lumpy bed!!
For some of us there is no money left to spend, sorry I can't help our failed economy anymore than trying to pay the bills, feed the family and put enough gas in the car to get to and from work.

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (recane1) — Wed, 08 Oct 2008 13:01:04 GMT

It's only money, spend it like a druken sailor and don't look back. The economy only works when you spend your money. A matress full of money only makes for a lumpy bed.

Aaron

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (pvansch1) — Wed, 08 Oct 2008 11:46:32 GMT

Recycling works!!
http://news.bbc.co.uk/2/hi/uk_news/7654254.stm

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (joaniebo) — Wed, 08 Oct 2008 11:21:56 GMT

I rec'd this e-mail a few days ago:

"If you had purchased $1000.00 of Wachovia stock one year ago, it would now be worth $10.80

With Enron, you would have $16.50 left of the original $1000.

With WorldCom, you would have less than $5. 00 left.

If you had purchased $1000.00 of

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (JJZ) — Wed, 08 Oct 2008 09:15:28 GMT
Life is short, enjoy what makes you happy....

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (gatroutboy) — Tue, 07 Oct 2008 23:11:04 GMT
Well put Bill!!! I was getting thoroughly depressed reading this thread (why ive been trying to watch the news less and cruise the fishing boards more) and that about sums it up....no matter how bad it gets, the trout will be there obliviously going about there business, and that in itself is comforting.

Rich

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (oysterbamboo) — Tue, 07 Oct 2008 22:04:23 GMT

Rods will still be made, flys will still be cast, and the trout will continue to rise (oblivious to the follies of Wall Street).

Bill O.

www.oysterbamboo.com

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (SnooKen) — Tue, 07 Oct 2008 17:10:49 GMT
It might be wise to consider what happened to the rod making industry and the buyers in the 1930's. Makers dropped their prices and then folded. Many buyers/fishers sold everything of value they owned to feed their families and then ended up on the street. It took a major war to get the world economy back on it's feet. Now the world as we know it couldn't survive a major war. Any guesses on the value of a pre-fire Leonard in Cormac McCarthy's "The Road"?

On...

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (flyflkr) — Tue, 07 Oct 2008 10:08:23 GMT
Since I first got interested in cane rods in the early 1970's I don't remember the price or value of rods ever going down. At the worst it seems they stay the same. I was thinking too during bad times when new rods might not be selling it seems fewer people are building rods for sale and we've seen the end of companies like HL Leonard.

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (Eebarral) — Tue, 07 Oct 2008 09:28:24 GMT
The key to making money is to buy low and sell higher. I met a very interesting investor on the Miramichi 3 weeks ago who bases his whole business philosophy on "buy low and sell below market value." You could tell that he has done VERY well for himself because he is not being greedy. I don't try to predict the top, or be the top price. Make an honest profit. Don't get upset if you sell below the top or buy above the bottom of the market. Count your blessings. If you are...

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (booyah) — Tue, 07 Oct 2008 08:07:16 GMT
To contribute to the discussion...

Money was the reason I started building rods in the first place. Quite frankly, though I have a very good job that pays quite well, with four children under 8 yrs. old and a wife that is pretty much a stay at home mom, expenditures must be carefully evaluated. Loving bamboo, but not able to spend a huge amount, I first started refurbishing old inexpensive rods (i.e. Monte's, H-I's, South Bends) then moved up to where I am now. A quiver...

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (Nympher1) — Tue, 07 Oct 2008 07:03:35 GMT

Interestingly, my 15 or so cane rods, collectible or not, see service on the streams and rivers of New England pretty regularly..never really thought of them as a hedge against a world wide financial crash... in times like this I always go back to the best selling and least read book ever printed..."Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven, where neither moth...

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (bow river) — Tue, 07 Oct 2008 06:56:47 GMT
hard times or good times , everyone who really likes to fish will fish , good rods & reels will still sell , might take a little longer for the buyer to come around , them with money will still have money , just not as much as they did have , i go fishing and i don't think about the markets at all which is nice , it has slowed for tourism coming to canada and i think it will be like that for a year more ,
seen on tv last night about people buying real good bottles of wine at like...

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (troutbumwannab) — Tue, 07 Oct 2008 01:55:04 GMT
I guess what I'm trying to say is that those few rods I do own have not dropped in value this past year like my meager investment portfolio has.

While I've never gone out and bought a rod with the intention of turning around and selling it for a profit, I honestly believe I'd do better selling rods right now than stock - it seems all the rod's still on my wish list aren't getting any cheaper!

Times like this are better spent on a river than watching the...

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (gofish60) — Tue, 07 Oct 2008 00:07:23 GMT
Or, no billionaire left behind

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (David Dornblaser) — Mon, 06 Oct 2008 21:25:11 GMT
I think that we are in for very tough times for the coming several years. The way that I look at it is that I am fortunate enough to have a nice quiver of rods. Those rods were made to fish and when I fish I forget about the pressures of the day and I relax. I intend to use the therapeutic and relaxing powers of the mighty cane rod in the turbulent years to come.

- David

troutbumwannab - why would you think classic cane rods will hold their value in deflationary times when...

Re: DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (Greg Reynolds) — Mon, 06 Oct 2008 19:28:30 GMT

"While I've never considered my purchases as investments, it's beginning to look like my weakness for classic cane and Hardy reels may one day put my kids through school!"

I wouldn't count on it...

DJIA sucks, thank goodness for bamboo!

feeds@yuku.com (troutbumwannab) — Mon, 06 Oct 2008 16:29:24 GMT
Had I known then what I know now, I would have cleaned up at the last few Langs auctions as it seems bamboo is doing better these days than my funds at Fidelity!

Is the latest financial crisis having any effect on either your purchasing or selling decisions?

I've got my sights on several new rod "projects" and am starting to wonder if I'm either crazy, or a genius!

While I've never considered my purchases as investments, it's beginning...