meta99

Baltic Dry Index: The Best Economic Indicator You've Never Heard of

This has got to be the stupidest thing I've ever seen. +34%!!! BS, its down, just on this chart alone, from 1210 to 1030, a drop of 15%. Any idiot can take the high and low of a chart and find an up pattern. What this chart DOESN'T show is that this index peaked at 11,600!!! Talk about a collapsing parabola, I wouldn't touch shipping with a 10 foot boat anchor! Any time you get a parabola of this magnitude collapsing, it will take YEARS before things get good again. Please ignore these dead cat bounces, they are only good for day traders. You will catch your lunch if you think otherwise.