Baltic Dry
Will The Baltic Dry Bounce Off Satan's Bottom?
Submitted by Tyler Durden on 09/10/2012 07:41 -0500
Dante would be proud; the Baltic Dry Shipping Index has now plunged through at least eight levels of hell on its way to record lows as it drops to 666 today. This is the lowest since Feb 2012's Chinese New Year lows and is a stunning 55 percentage points lower than the normal seasonal shift in the global aggregate trade indicator (and down 69% from its Oct 2011 swing high). Whether its over-supply, under-demand, or too many Chinese New Years, it is unarguably the next level of hell for the global economy - that will surely bring all the bottom-callers out as this time is different.
07 Sep 2012 – “ It’s So Easy " (Guns ‘N Roses, 1987)
Submitted by AVFMS on 09/07/2012 11:02 -0500Central Banks United have the upper hand these days. So don’t mess with them…
At least not this week…
06 Sep 2012 – “ Shock Me " ( KISS, 1977)
Submitted by AVFMS on 09/06/2012 11:02 -0500So, ok, yes, there’s a huge conditional bazooka out there, but who wants to really use it?
Seems like a huge defibrillator. Good to have, but beware of not shocking the patient too much.
05 Sep 2012 – “ (Shake, Shake, Shake) Shake Your Booty" ( KC & The Sunshine Band, 1976)
Submitted by AVFMS on 09/05/2012 10:59 -0500Monetary Outright Transactions - MOT
Moths??? Like those burning up on light bulbs??? Or like in “to mothball”, buy and store?
04 Sep 2012 – “ Shake Your Moneymaker " (Elmor James, 1961)
Submitted by AVFMS on 09/04/2012 11:03 -0500There is still some compression margin, but where to put the credit spread, real or “perceived”, from a (real) default possibility point of view or even from the shunned convertibility point of view?
03 Sep 2012 – “ No Money Down " (Chuck Berry, 1957)
Submitted by AVFMS on 09/03/2012 10:50 -0500“Believe me, it will be enough!” will request some massive outside-the-box thinking…
31 Aug 2012 – “ Dust in the Wind " (Kansas, 1978)
Submitted by AVFMS on 08/31/2012 11:02 -0500Upcoming calls from Ben and Mario to the governments?
Get your act together, there’s just so much that can be done.
Odd and contradictory ROn / ROff close
30 Aug 2012 – “ For Heaven’s Sake " (Frankie Goes To Hollywood, 1986)
Submitted by AVFMS on 08/30/2012 11:02 -0500We don't need recession
Or means of repression
Just give us some money
Our life could be sunny too...
17 Aug 2012 – “ Positive Vibration " (Bob Marley, 1976)
Submitted by AVFMS on 08/17/2012 11:00 -0500Markets taking any negative news as additional must-have accelerators of a bail-out.
Time being of the essence.
But what if things just drag on?
16 Aug 2012 – “ Moments in Love " (The Art of Noise, 1984)
Submitted by AVFMS on 08/16/2012 10:49 -0500Organic growth is slow and painful (Boo!), central bank money fast, cheap and with few strings attached (Yes!)…And anyway, QE and other supports have already been priced in… Can’t change the programme.
14 Aug 2012 – “ Not Fade Away " (The Rolling Stones, 1964)
Submitted by AVFMS on 08/14/2012 10:47 -0500No exactly fireworks, but anything that isn’t totally bad these days is good to have.
Good news, but then not so good news?! So, no QE, after all?
13 Aug 2012 – “ Can You Feel it? " (Mr. Fingers / Ch. Prommers, 1986)
Submitted by AVFMS on 08/13/2012 10:53 -0500Not much life. Nor conviction.
Barely a pulse.
Can you feel it?
10 Aug 2012 – “ Rainbows & Pots of Gold " (Stereophonics, 2003)
Submitted by AVFMS on 08/10/2012 11:29 -0500Otherwise… No titbits…
Nada. Rien. Nichts. Nothing.
09 Aug 2012 – “ Beautiful Days " (Venus, 2003)
Submitted by AVFMS on 08/09/2012 10:56 -0500ECB to EU governments: “Guys, we won’t fly solo…”
Bond Market to ECB “Show me the money!”
Equity market “Someone said Money? Buy!”
08 Aug 2012 – “ Pump Up The Volume " (M|A|R|R|S, 1987)
Submitted by AVFMS on 08/08/2012 10:55 -0500Will drift.
Won’t help trading volumes…
Flattish to slightly lower US open. Drifting…
