[1]Since the mid-July peak, when Jim Cramer warned the market's "last shred of hope was the freight index holding up," [4] The Baltic Dry Index has been in free fall (at a time with very positive technicals). In fact, today's drop to 809 is the lowest in over 3 months and the lowest for this time of year since 1986!!
[5]
Even as stocks have soared in the last 10 days, The Baltic Dry shows no signs of a pick up in freight traffic demand, instead quite the opposite.
[6]
Charts: Bloomberg
- advertisements -
Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/309
[3] http://www.zerohedge.com/taxonomy_vtn/term/295
[4] http://www.arabianmoney.net/us-stocks/2015/07/28/us-stocks-set-to-follow-the-chinese-crash-says-jim-cramer/
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/10/20151012_sbdiy.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/10/20151012_sbdiy1.jpg
