Comments on: Baltic Dry Index is Down Up Down

By: Corey Rosenbloom

Corey Rosenbloom — Thu, 16 Apr 2009 02:26:58 +0000

Anon,

You may be precisely right – I’ll have to look further into the China effect and how that plays in and I’m certain it does.

Good call!

By: Corey Rosenbloom

Corey Rosenbloom — Thu, 16 Apr 2009 02:14:36 +0000

Kevin,

haha – no prob!

By: Corey Rosenbloom

Corey Rosenbloom — Thu, 16 Apr 2009 02:12:51 +0000

Chris,

I don’t do as much individual stock analysis as I used to (I’m now in the ETF/Futures world) but Dry Ships DRYS pops first into mind – I’ve watched it for some time. Seems to be the most logical for a pure play.

If any readers have other suggestions, feel free to share.

By: Corey Rosenbloom

Corey Rosenbloom — Thu, 16 Apr 2009 02:10:31 +0000

WoodFlooring,

Thank you so much for reading and for your comment! This is a lot of fun to me and reader feedback like yours helps me keep going.

By: Corey Rosenbloom

Corey Rosenbloom — Thu, 16 Apr 2009 02:08:08 +0000

Mark,

Of course – I just don’t have the space in these mini-blogs to do full detailed analysis.

I’m really just trying to point out key things to spur readers to dig a little deeper on these topics.

Good link! Thanks

By: Anonymous

Anonymous — Wed, 15 Apr 2009 23:28:59 +0000

Corey,
Re BDI. I would not read too much into BDI at the moment. Most non china routes have been crushed and there is little in terms of seaborne traffic from and to the west. Shipping rates are extremely volatile currently and will remain so for sometime to come.

IMHO, the BDI had been crushed and after an almost 90% decline a little recovery was in the cards. Secondly,China with its reserves, is likely stockpiling commodities at very attractive prices and there may be a temporary bump from that.

By: Kevin

Kevin — Wed, 15 Apr 2009 22:20:56 +0000

Oh — I missed that. I started counting the triangle two limbs after you. No need to reply, thanks.

By: Chris

Chris — Wed, 15 Apr 2009 21:23:45 +0000

Corey,

What are the two or three dry shippers should be looking at to enter based on index appearing to be putting in a higher low?

By: WoodFlooringGuy

WoodFlooringGuy — Wed, 15 Apr 2009 21:10:55 +0000

Cory,I stumbled on your site when searching for comparisons between 1929-2000 and 1938-2009 for the DOW. I have been checking in to see what your up to every other day or so. What your are doing is fascinating. As an observer, not a trader, I thought I would just say keep up the energy and good work. Remarkable.

By: Mark

Mark — Wed, 15 Apr 2009 20:55:29 +0000

I think it’s important for anyone analyzing an index to look at a longer term chart, and not just a “snapshot” in time.

http://investmenttools.com/futures/bdi_baltic_dry_index.htm