Comments on: Bank of Jamaica http://www.ritholtz.com/blog/2008/10/bank-of-jamaica/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 13:30:51 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Mr. Ganja http://www.ritholtz.com/blog/2008/10/bank-of-jamaica/comment-page-2/#comment-119266 Mr. Ganja Tue, 14 Oct 2008 13:59:32 +0000 http://ritholtz.vs3.wilder.ca/blog/2008/10/bank-of-jamaica/#comment-119266 Chill out, get yourself a rasta name at http://www.irielion.com/israel/reggaename.html and then go long on Red Stripe! Chill out, get yourself a rasta name at
http://www.irielion.com/israel/reggaename.html
and then go long on Red Stripe!

]]> By: Steve Barry http://www.ritholtz.com/blog/2008/10/bank-of-jamaica/comment-page-2/#comment-119265 Steve Barry Sat, 11 Oct 2008 12:42:48 +0000 http://ritholtz.vs3.wilder.ca/blog/2008/10/bank-of-jamaica/#comment-119265 Barron's cover this week has a bull crying...but the top headline story says Dow is close to a bottom and the second headline is 25 terrific tocks to buy...then opportunities in Europe and Asia looks cheap. Nothing there indicates capitulation...quite the opposite. Barron’s cover this week has a bull crying…but the top headline story says Dow is close to a bottom and the second headline is 25 terrific tocks to buy…then opportunities in Europe and Asia looks cheap. Nothing there indicates capitulation…quite the opposite.

]]> By: Bruce in Tennessee http://www.ritholtz.com/blog/2008/10/bank-of-jamaica/comment-page-2/#comment-119264 Bruce in Tennessee Sat, 11 Oct 2008 12:34:45 +0000 http://ritholtz.vs3.wilder.ca/blog/2008/10/bank-of-jamaica/#comment-119264 Going canoeing this morning, but will be back tonight. One thing to consider, Marx said that religion was the opiate of the masses. Consider that in Western Society, credit and debt may be those surrogates for religion. http://www.bloomberg.com/apps/news?pid=20601103&sid=aXCtv.lATO8I&refer=us This says that our defecit will be at least twice what the all time high in 1983 of 6% of GDP...Bloomberg. Think about this, this was the wrong kind of debt for the last 20 years, too much house, massive credit card debt, school loans that hadn't been paid off when you were 40, and so forth. If the government is successful in pumping in the kind of liquidity the above article states, we are probably back to the house built of sticks...and the big bad wolf of a future recession will just be that much harder to overcome. I think we'd be better off not to buy a car on a 6 year note, but rather a 2 or 3 year note; you can think of a million examples of "rotten" debt that is relatively mindless and amounts to keeping up with the Joneses...er, Ritholtzes.... Going canoeing this morning, but will be back tonight.

One thing to consider, Marx said that religion was the opiate of the masses. Consider that in Western Society, credit and debt may be those surrogates for religion.

http://www.bloomberg.com/apps/news?pid=20601103&sid=aXCtv.lATO8I&refer=us

This says that our defecit will be at least twice what the all time high in 1983 of 6% of GDP…Bloomberg.

Think about this, this was the wrong kind of debt for the last 20 years, too much house, massive credit card debt, school loans that hadn’t been paid off when you were 40, and so forth.

If the government is successful in pumping in the kind of liquidity the above article states, we are probably back to the house built of sticks…and the big bad wolf of a future recession will just be that much harder to overcome.

I think we’d be better off not to buy a car on a 6 year note, but rather a 2 or 3 year note; you can think of a million examples of “rotten” debt that is relatively mindless and amounts to keeping up with the Joneses…er, Ritholtzes….

]]> By: Chad @ Sentient Money http://www.ritholtz.com/blog/2008/10/bank-of-jamaica/comment-page-2/#comment-119263 Chad @ Sentient Money Sat, 11 Oct 2008 04:15:08 +0000 http://ritholtz.vs3.wilder.ca/blog/2008/10/bank-of-jamaica/#comment-119263 Love that. It's exactly what everyone needs too do. The funny thing is no one ever doubts Jamaica's ability to chill out. Maybe Wall Street needs to study why no one doubts Jamaica's creds for relaxation. Love that. It’s exactly what everyone needs too do. The funny thing is no one ever doubts Jamaica’s ability to chill out. Maybe Wall Street needs to study why no one doubts Jamaica’s creds for relaxation.

]]> By: mhigh http://www.ritholtz.com/blog/2008/10/bank-of-jamaica/comment-page-2/#comment-119262 mhigh Sat, 11 Oct 2008 03:50:57 +0000 http://ritholtz.vs3.wilder.ca/blog/2008/10/bank-of-jamaica/#comment-119262 Eeee, cripes! TEDSP keeps leaping upwards, now at 4.64: http://www.bloomberg.com/apps/quote?ticker=.TEDSP:IND Watching the DJIA and NASDAQ and S&P and all other equity indices yo-yo up and down is interesting and all. But if the true root of the problem is the frozen credit market, then perhaps we should all be watching the Ted Spread instead. And if so, this ain't good news. Eeee, cripes! TEDSP keeps leaping upwards, now at 4.64:

http://www.bloomberg.com/apps/quote?ticker=.TEDSP:IND

Watching the DJIA and NASDAQ and S&P and all other equity indices yo-yo up and down is interesting and all. But if the true root of the problem is the frozen credit market, then perhaps we should all be watching the Ted Spread instead. And if so, this ain’t good news.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2008/10/bank-of-jamaica/comment-page-2/#comment-119261 Mark E Hoffer Sat, 11 Oct 2008 02:28:59 +0000 http://ritholtz.vs3.wilder.ca/blog/2008/10/bank-of-jamaica/#comment-119261 I'd say the Fastest way to lose 'money' would be to Fade Steve Berry, not to say I think he's always,;, right.... Past that, anyone who is long/buying Munis is asking for a Major Haircut, at the minimum.. these are different days.. see: Paulson states: "the root cause of the problem is sub-prime." My Ass! The root cause is those on Wall-STreet and those in Washington who sat by and watched and made easy money off of "enhanced investment vichicles!" Our Government and the People who bribe them (Lobbyist) need to be hanged by the highest tree!!! Posted by: JustinTheSkeptic | Oct 10, 2008 6:55:45 PM whether, or not, 'they' need to hung, we should know we're being hung--out to dry.. I’d say the Fastest way to lose ‘money’ would be to Fade Steve Berry, not to say I think he’s always,;, right….

Past that, anyone who is long/buying Munis is asking for a Major Haircut, at the minimum..

these are different days..

see: Paulson states: “the root cause of the problem is sub-prime.” My Ass! The root cause is those on Wall-STreet and those in Washington who sat by and watched and made easy money off of “enhanced investment vichicles!” Our Government and the People who bribe them (Lobbyist) need to be hanged by the highest tree!!!

Posted by: JustinTheSkeptic | Oct 10, 2008 6:55:45 PM

whether, or not, ‘they’ need to hung, we should know we’re being hung–out to dry..

]]> By: Steve Barry http://www.ritholtz.com/blog/2008/10/bank-of-jamaica/comment-page-2/#comment-119260 Steve Barry Sat, 11 Oct 2008 01:37:15 +0000 http://ritholtz.vs3.wilder.ca/blog/2008/10/bank-of-jamaica/#comment-119260 Hold your horses...this one hasn't been talked about much...NY Municipal bond funds in freefall. States will have trouble raising money. <a href="http://stockcharts.com/h-sc/ui?s=RMUBX&p=D&yr=2&mn=0&dy=0&id=p15969391327" rel="nofollow">Rut Row</a> Hold your horses…this one hasn’t been talked about much…NY Municipal bond funds in freefall. States will have trouble raising money.

Rut Row

]]> By: Paul in NYC http://www.ritholtz.com/blog/2008/10/bank-of-jamaica/comment-page-2/#comment-119259 Paul in NYC Sat, 11 Oct 2008 01:30:43 +0000 http://ritholtz.vs3.wilder.ca/blog/2008/10/bank-of-jamaica/#comment-119259 Well <i>clay</i>, if that cycle continues, then the DOW should go up close to one thousand points on the next open, and then down another 400, and then... Well clay, if that cycle continues, then the DOW should go up close to one thousand points on the next open, and then down another 400, and then…

]]> By: Steve Barry http://www.ritholtz.com/blog/2008/10/bank-of-jamaica/comment-page-2/#comment-119258 Steve Barry Sat, 11 Oct 2008 01:27:21 +0000 http://ritholtz.vs3.wilder.ca/blog/2008/10/bank-of-jamaica/#comment-119258 Good news if you are long QID...the latest <a href="http://www.nasdaq.com/aspxcontent/shortinterests.aspx?mode=&page=&symbol=QQQQ&symbol=GOOG&symbol=AAPL&symbol=RIMM&symbol=EBAY&symbol=AMZN&symbol=YHOO&symbol=MSFT&symbol=INTC&symbol=CSCO&symbol=ORCL&symbol=DELL&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=QQQQ&FormType=&kind=shortint&Leap=&mkttype=&sel=short&userinput=" rel="nofollow">short interest data</a>, as of 9/30, shows astoundingly lower short ratios, even as the market was dropping. There is NO CHANCE of a short squeeze that is needed to start the rebound. I repeat...NO CHANCE. There is no fear, no pent up buying. QQQQ and AAPL have ratios below 1/2 and RIMM, MSFT, CSCO, ORCL and DELL are all frimly below 1 (use my link and dropdowns). Check out some financials too...this data reflects the short ban. GS and MS have virtually no shorts, but C did not drop all that much. Good news if you are long QID…the latest short interest data, as of 9/30, shows astoundingly lower short ratios, even as the market was dropping. There is NO CHANCE of a short squeeze that is needed to start the rebound. I repeat…NO CHANCE. There is no fear, no pent up buying. QQQQ and AAPL have ratios below 1/2 and RIMM, MSFT, CSCO, ORCL and DELL are all frimly below 1 (use my link and dropdowns).

Check out some financials too…this data reflects the short ban. GS and MS have virtually no shorts, but C did not drop all that much.

]]> By: Chief Tomahawk http://www.ritholtz.com/blog/2008/10/bank-of-jamaica/comment-page-2/#comment-119257 Chief Tomahawk Sat, 11 Oct 2008 00:50:54 +0000 http://ritholtz.vs3.wilder.ca/blog/2008/10/bank-of-jamaica/#comment-119257 Uh, maybe it's time to check on that Rapture clock... Larry Kudlow and Paul Krugman are agreeing with each other! Uh, maybe it’s time to check on that Rapture clock…

Larry Kudlow and Paul Krugman are agreeing with each other!

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