Caltorguy

Baltic Dry Index Signaling a Market Bottom?

If some of these companies do go bankrupt, it will pay to own some of the ones that are able to stay afloat (haha!) since there will be a capacity squeeze when global trade invariably picks up again. I own a bit of DSX, and their balance sheet appears okay, and they have also suspended their dividend just to be safe. Unless we see a Great Depression type collapse in trade (which was exacerbated by protectionism), trade and shipping will come back in a big way by 2010.