I’ve been watching BDI closely, there was even fake print Zero Hedge was making fun off (Red has it)…I think we are near half way point to fake print, since it was reported (already???)
CNBS is taunting BDI in 2009 as sign of recovery, no one has mentioned anything about falling off the cliff now…commodities are bubble…some companies were using commodities trade as a hedge, to real business ups and downs, they are now commodity trading for profit, thus, commodities are bubble…BDI is correct, there is no real trade to support equity prices, nothing is moving according to some export / import bloggers. I can’t wait for BDI in 3 digits, and watch the panic in equities…popcorn anyone? BTW, don’t buy added capacity BS…inventories are building up at suppliers, supporting nothing is moving argument. Commodity low due in March 2011, not too far away…
This chart shows the relationship between CRX and BDI (baltic dry index), usually they track each other quite closely but lately we can see a huge divergens developing. Either commodities or BDI have to change direction at some time in the… future. http://stockcharts.com/h-sc/ui?s=%24CRX&p=W&b=5&g=0&id=p33737256586&a=212034289
Red,
We may have hit the FP in the futures last night….not sure. Anyhow, I think it was fairly close.
It will be interesting this week. All those calls need to be erased before OPEX.
red,,,,
get a load of this article…… mucho interesting
http://seeker401.wordpress.com/2011/01/17/bob-chapman-newsletter-jan-152011-slush-fund-of-top-politicians-found-at-vatican-bank-obama-clinton-roberts-legatus-split/
well red, its MLK day. Will we get eerie “quiet” or will something happen to spook the markets??? Only time will tell…..
Yeah, lots of boats mysteriously catching fire….
There are also more freighters going “on-line”, at the worst possible time. Fuel going up, and a bunch of empty boats……this sure will be fun!
http://www.zerohedge.com/article/35-miles-capesize-vessels-leaving-shipyards-2011-guarantee-low-baltic-dry-long-time
Where’s Jesse Ventura when you need him???
I’ve been watching BDI closely, there was even fake print Zero Hedge was making fun off (Red has it)…I think we are near half way point to fake print, since it was reported (already???)
CNBS is taunting BDI in 2009 as sign of recovery, no one has mentioned anything about falling off the cliff now…commodities are bubble…some companies were using commodities trade as a hedge, to real business ups and downs, they are now commodity trading for profit, thus, commodities are bubble…BDI is correct, there is no real trade to support equity prices, nothing is moving according to some export / import bloggers. I can’t wait for BDI in 3 digits, and watch the panic in equities…popcorn anyone? BTW, don’t buy added capacity BS…inventories are building up at suppliers, supporting nothing is moving argument. Commodity low due in March 2011, not too far away…
Most of the surge in commodities is driven by China and speculation. And the BDI is falling because there is no demand from anywhere else.
This chart shows the relationship between CRX and BDI (baltic dry index), usually they track each other quite closely but lately we can see a huge divergens developing. Either commodities or BDI have to change direction at some time in the… future.
http://stockcharts.com/h-sc/ui?s=%24CRX&p=W&b=5&g=0&id=p33737256586&a=212034289
Did anyone see this? http://www.bloomberg.com/news/2011-01-16/dubai-shares-drop-to-lowest-in-2011-led-by-real-estate-on-aldar-support.html