skates77

Even Google Suffers in 'The Worst Economic Environment in Our Collective Lifetimes'

I am with Jimbo on this one. In the past we have overestimated the downturn and underestimated the recovery. Look back at the last recession in 2002.

Dry Bulk Shipper Anomaly in Spot Pricing Creates Buy Opportunity

Couldn't the earlier lower spot price be caused by a different reason? Meaning, there is (or was) more spot supply or less spot demand, therefore the earlier lower prices?"

So maybe there was a slowdown or a preceived slowdown in this market. And it could be that the shippers were/are hedging the future price increases, but having less takers on the long or one and two year contracts, so possibly is there less demand?

This might be putting more capacity or ships in the spot market? Thus lowering price.

So wouldn't the fact that spot prices are still lower than long positions be a reason for caution. Or, do you see that chaning soon? Just posing the question, not attacking your position.