8 replies to this topic

[johngeorge]

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

altic Exchange Dry Index (BDI), exponential average in red. Baltic Exchange Dry Index (BDI)Recent, exponential average in red.

[dasein]

Yes but the sellof in shipping stocks started before this big decline - i think it may be saying something about the future... FWIW klh

[relax]

sell off in shipping stocks - check again they are very strong - look at all major bulk shares - dry ships, golden ocean, jinhui, d/s norden

[humble1]

"the problem with fundamentals is that we already know them." imho, expect a weak or sloppy close. with all the rumors - many coming true - does it really make sense that thursday and friday with be positive days ?

Edited by humble1, 01 August 2007 - 11:57 AM.

[relax]

we all know how quickly we forget these are no new problems and were well known at 14.000 for Dow focus can shift so fast, just as the mood can, but no doubt bears are in control right now bank of japan raising rates would really seal the deal for bears - some expect it august 23, otherwise the following month look at the correlation between indices and the Yen - it's back and will go away soon, but will come back with regards to the fundamentals - sure we all know them Therefore instead of looking at Baltic Dry Index, it makes good sense to look at FFA (forward freight agreements) as they are based on future developments and FFA's are also very strong for Q3 Q4 and 08 Q1 and Q2 cheers

[humble1]

even so, this may not be good for stocks. suppose we DO have a bout of inflationary pressues, as many seem to belief is in the offing. suppose i-rates DO continue to go up around the globe. that would be DISASTER for equities as no relief could be given to the credit meltdown.

[dasein]

sell off in shipping stocks - check again

they are very strong - look at all major bulk shares - dry ships, golden ocean, jinhui, d/s norden

http://stockcharts.c...R,ATB,USS,TGP|B

klh

[relax]

Sure shipping is a broad term i'm only focusing on bulk - only place where balance between demand for and supply of ships is healthy tanker market topped last year and currently there are too many ships on the market, which is also the case for the container market the world bulk fleet is very old, few ships are being scrapped because of the high rates, but ultimately this will ensure a great balance between supply and demand once they are scrapped the dollar has definitely also affected rates - a clear inverse relationship between bulk rates and the dollar happy trading! What a finish today - looks like support at 1.440 and 2.520 held

Edited by relax_dk, 01 August 2007 - 03:40 PM.

[dasein]

to be fair and balanced;) Record-High Peak Shipping Season Predicted Forecasters are calling for another record-breaking peak shipping season at the nation's major container ports, beginning this month. According to the monthly Port Tracker report released by the National Retail Federation and Global Insight: "Now that we're in peak season, August is going to be a very busy month and is expected to break the record set last October," said Paul Bingham, economist at Global Insight. "September will be slightly slower but will still top last October, and this October will set another whole new record." from world trade magazine, Aug. 2007