6 replies to this topic

[johngeorge]

Dry cargo freight rates hit all time high

The cost of transporting dry commodities such as coal, grain and iron ore by sea hit an all time high today (Friday 27 April) with the Baltic Exchange Dry Index reaching 6230 points. The daily index which tracks charter rates for dry bulk carriers on 26 of the world's key trading routes had previously peaked at 6208 points on 6 December 2004.

http://www.balticexchange.com/



Baltic Exchange Dry Index (BDI),exponential average in red, & Fibonacci retracements. Baltic Exchange Dry Index (BDI)Recent,exponential average in red



http://www.investmen...c_dry_index.htm

[selecto]

Demand or dollar?

[relax]

Probably both

Demand is big

Bulk Rally has been going on for a while

Look at D/S Norden in Denmark and several bulk carriers in Norway

Baltic Dry is heading for 7.000 - there is a perfect balance between supply and demand in the bulk market

Demand or dollar?

[OEXCHAOS]

This plays into Kisa's scenario well. Fed must feel the pressure to drain liquidity. Look at the Indices by cap. This is a thinning market. I predict higher prices for the Dow over the coming weeks, but most portfolios will be well down from their highs by the time the Dow and S&P break. Mark P.S. Thanks Johngeorge for posting this. Good stuff!

[uncleharley]

A shortage of cargo ships and tight port capacity is also contrbuting to the high freight rates according to an article published by Bloomberg.com yesterday. Sorry I don't have a link. You moght be able to find it in Bloombergs archives. uh

[Cirrus]

This plays into Kisa's scenario well.

Fed must feel the pressure to drain liquidity.

Look at the Indices by cap. This is a thinning market. I predict higher prices for the Dow over the coming weeks, but most portfolios will be well down from their highs by the time the Dow and S&P break.

Mark
P.S. Thanks Johngeorge for posting this. Good stuff!

I'm no longer buying small and mid caps unless they're in a group a really want to own. I think your assessment is correct, Mark. We'll see....

[OEXCHAOS]

Perhaps the '87 analog after all? M