Baltic Dry Index Bounce
The Baltic Dry Index (BDI) tracks the cost of shipping dry goods (coal, iron ore, potash, sulfur etc.). It has bounced up 30% over the last couple of weeks after 3 months of steady decline. If it reaches the highs of December 2004 it will triple.
The BDI is often used to moniter the health of the global economy. The great technological leaps provided by personal computers and the internet have not negated the importance of basic commodities (although it seemed like it during those heady technology bubble days). It is a good time to be looking at shipping stocks.
Our most recent Snapshot lists 7 bulk dry shipping companies that would benefit from higher shipping rates. Check out the Big Picture Speculator free for a no hassle 30 day trial. You don't need to supply your credit card info to get the trial!
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The BDI is often used to moniter the health of the global economy. The great technological leaps provided by personal computers and the internet have not negated the importance of basic commodities (although it seemed like it during those heady technology bubble days). It is a good time to be looking at shipping stocks.
Our most recent Snapshot lists 7 bulk dry shipping companies that would benefit from higher shipping rates. Check out the Big Picture Speculator free for a no hassle 30 day trial. You don't need to supply your credit card info to get the trial!
Not Advice
Try the Big Picture Speculator free for 30 days.