tallydude

Yeah, but TF, how much information are sales associates going to have and how accurate are going to be about information and decisions made at a corporate level? Not saying you're wrong, but it's likely the Wal-Mart will phase out any stock or purchae orders before anything like that goes into effect. So it's quite likely that you'll see stock on the shelves for some time to come even if Wal-Mart does away with the supplies.

Hi there, Niksfishinmom. You seem like a strange lady, but I guess we'll welcome you here . (Don't worry guys, I'm the son in question.)

Hawgin- Great points. And don't worry about questioning my opinions or recommendations. I like feedback. It can only help to have people ask questions or offer different points of view.

Great question. The reason I said to wait a day to lock your rate is to see if yesterday's stock drop was a one time thing or, as you mentioned a 2-3 month correction. Mortgage rates are relative to the stock market, but I wouldn't bet on a radical plunge in interest rates over 2-3 months just because the market had a bad day. Mortgage rates tend to be a bit more judicious with their movement. That being said, I would advocate watching the market (or, more preferably, having a trusted financial advisor communicate with on your investment strategy). If you are looking to close on the purchase of your home, I wouldn't suggest waiting a couple of months for the "rock bottom" interest rate. In my experience, people who do that usually miss the boat. Asie from that, any gains made by waiting "that extra minute" could potentially be offset by a depreciation in your home if the market takes a serious turn, and that sould affect your loan to values and ability to purchase or refinance. Look for a small leveling off and make your move then.

Great, I'm in the office until 8:00 tonight talkingwith every client in the world that thinks the sky is falling and you're catching MY bass. This means war >.

Guys, For those of you who don't know, I am a mortgage planner and debt management specialist here in South Florida. I work with mostly higher net worth clients, although I also work with everyday type people as well. I am also the mortgage provider for many of the high end financial planners here in the Palm Beach/Fort Lauderdale/Miami area. I know alot of you have seen what the DOW and NYSE have done over the past 24 hours and are wondering what to make of it. Here is basically what I see, and how it relates to you and me: 1) Expect the DOW to be down again tomorrow morning. In the simplest terms, what happened today was caused by the Chinese stock market taking a huge hit. As of 10:30pm est, the New Zealand market was down dramatically, and you can bet the rest of the PanAsian markets will be doing the same. Here is a link to a CNBC article that will explain it a bit better- http://www.cnbc.com/id/17369396 2) Expect mortgage interest rates to be down. Mortgage interest rates are based upon mortgage bonds and mortgage backed securities. With people taking their money out of stocks, bonds should be doing better. That in turn means that interest rates will be lower. Case in point, mortgage interest rates were down 1/8th of a point at 2pm Tuesday from 10am. For those of you purchasing a home, talk to your mortgage person about not locking the rate until tomorrow afternoon. For those of you currently with ARMs or MTA loans, this is actually a good thing. The bond market will, at the very least, allow your rate to "stall" for a short time and not go up. 3) We are NOT going into a recession. You're going to hear alot about what Greenspan said Monday. We have had a bull market for about 42 months. His point was that the further and further you get from a recession, the more likely it is to have one. Yes, eventually, the US will have another recession. That much is inevitable. What Greenspan did not say, though, was that a recession was imminent. Anyway, these are my opinions on the market and conditions as of today. I couldn't sleep and at least wanted to put them forth. See your financial planner for more information and an investment strategy. However, if you have more questions, I am more than happy to see if I can answer them or at least point you in the right direction. WPD

Huskertko, What is it that you do? Jason

I gotta go with BASS. I don't even recognize FLW. To me, BASS has the history, tradition, prestige and the better anglers.

I also believe the DQ was warranted, but I'm not holding anything against Swindle. He seemed genuinely apologetic at the stand and on tv later that night. He screwed up and made a mistake. Something we've all done before. You won't see him do it again. I hope he doesn't lose any sponsors for this.

Yup, my PB came from there. And I'm going in the morning. I do think it's time for another get together. Anybody interested?

Bread (especially pan de agua- I love Puerto Rican bread). freshwater or saltwater?

Awesome, Don. Glad to hear you're up and running again.

Agreed. I cut my teeth catching catfish before anything else. The big ones prefer live bait at night over anything else. Bluegill are perfect. I hate trying to hook bluegill, however, and like to use cut up skipjack. Circle hooks are ideal. I prefer Mustad for catfish.

Welcome aboard, Peter!

That's crazy!

Here's a picture of Scott (Syfer420) enjoying his first day in Florida: And, in order, Jason (westpalmdude), Alex (new2bass), Adolpho (AAA), and Don (Avid): Good times.

Beautiful fish! I've never caught one (or eaten one for that matter). I gotta get up north this year.

I'm saying 10 pounds, 4 ounces. From Toho.

RW, great story. But what do you mean by "Bill Dance hook set"?

Even though I don't use them, I gotta say a plastic worm. More bass have been caught on that one lure than any other.

Yeah, I really dig the one with the American flag scheme. I like the others, too.

I'll fish anytime, anywhere. But recently I have turned my attention to catching bigger fish. I'm catching less, but I am catching larger fish and I am enjoying that.

Ike, then KVD, and Preston Clark (the guy seems so likeable). The first person I ever followed was Rick Clunn, and I'm still a fan. I had the opportunity to meet and spend about an hour with Bill Dance. Nicest. Guy. Ever.

Embarassing fact: I have no idea how to pitch and flip.

Thanks guys. The reason I asked is because I picked up ome cheapy spinnerbaits at Wal-Mart and then noticed that the hooks were as sharp as a pear.