2 replies to this topic

[ChickenLittle]

For those not familiar with the Baltic Dry Index, it is shipping rates (ocean).

I peek over the fence at the fundamentals occasionally to see what's going on. The thought is that rising shipping rates indicates a thriving economy and lots of demand for cargo ships. As you can see its been a little soft since May 15, about the same time that rates started rising. Its one of those indicators similar to the stock market, "predicted 10 of the last 2 recessions". Through the years I have found it fascinating but unsure of its use since technicians distain these sort of things.

http://www.imageuplo...p01&i=83682.png

[ChickenLittle]

As you can see its been a little soft since May 15, about the same time that rates started rising.

Interest rates

[relax]

How about since the dollar started rising

This is main reason together with the fact that summer is a weak period

but this is the sector to be in later this year

For those not familiar with the Baltic Dry Index, it is shipping rates (ocean).

I peek over the fence at the fundamentals occasionally to see what's going on. The thought is that rising shipping rates indicates a thriving economy and lots of demand for cargo ships. As you can see its been a little soft since May 15, about the same time that rates started rising. Its one of those indicators similar to the stock market, "predicted 10 of the last 2 recessions". Through the years I have found it fascinating but unsure of its use since technicians distain these sort of things.

http://www.imageuplo...p01&i=83682.png