poor&unemployed

BDI Signals Slack Demand for Raw Materials

BDI is very much rigged index. There are no cleared contracts, which are audited by anyone.

There is something called related party transaction, in which charter rates are manupulated by the related parties. It is like father and son chartering the vessels to each other at $100,000 /day while there are 100 odd vessels willing do the business for $5000 /day or less. BDI includes these transactions to inflate the index.

Explain to me if I am wrong!

The Baltic Dry Index Gets Moving

Auto

It is not a poorly stated sentence. It is lack of understanding. IMHO unless someone who can explain what BIFFEX stands for, should not be writing about BDI. Now go figure that! Let me know what useful information you need about shipping industry and I will try to give it if time permits.

Most if not all the publically held shipowning companies have defaulted on the mortgages. They are living on a borrowed time like any homeowner, who hasn't made a mortgage payment for six months and has received foreclosure notice from a bank. Exact date when he would be evicted is not known but one thing for sure, he will get evicted sooner than later.

This is not a negative comment. It is a made to warn the unsuspecting investors. Cheerleading should not be a oneway street, when it involves people's hard earned money. I do not have anything to sell or anything to gain. Check my other comments - they are consistant.

On Apr 14 12:40 PM auto44 wrote:

> Poorly stated sentance dosen't mean the author dosen't understand
> the subject. Expert? I guess you are one!!!!!!! How about some useful
> information then. Anyone can produce negative comments.

The Baltic Dry Index Gets Moving

The Baltic Dry Index, an index that follows the cost for cargo and goods traveling by sea.
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Another EXPERT giving opinion on BDI without knowing the underlying components.

God help America!