Wednesday, August 26, 2009

Baltic Dry Index Update

From Calafia Beach Pundit:
A loyal CD reader has been "jonesing" for an update on the Baltic Dry Index and Scott Grannis provides an excellent "fix," and also reports on several other shipping indexes.

Originally posted at Carpe Diem.

1 Comments:

At 8/26/2009 9:15 AM, Anonymous gettingrational said...

The BDI was certainly correct in pre-saging the low in U.S. stock indices and subsequent upturn in early 2009. There seems to be some debate on it's usefulness as a market indicator overall because
"...most companies have moved away from spot shippin and have their ships on time charters."

 

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