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The Baltic Dry Index pulls out of its death spiral to show a 1.9% gain. The move has all the...

The Baltic Dry Index pulls out of its death spiral to show a 1.9% gain. The move has all the earmarks of a dead cat bounce - instead of a confirmed market bottom - with shippers still willing to accept unprofitable charters due to an industry-wide oversupply of ships and weak demand.
Comments (1)
  • Dave Remington
    , contributor
    Comments (12) | Send Message
     
    Anybody notice that Blackrock has now gotten to over a 5% ownership in EGLE? Is the smart money really smart and are we missing something? Why the run-up to EGLE's stock recently? Do they know something all the doomsayers re: dry bulk shipping don't know?
    13 Feb 2012, 10:45 PM Reply Like
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