Baltic Dry Index....COLLAPSING

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AC 6897881 ( Page one ) ......" That means we have been in a depression for 3 years !"
Been saying that for THREE YEARS ! BUT, the Obammy media were first talking about " green shoots', but that got 'shot' down/withered !

One has to have spent some time here, been through a Depression, like I have to see/recognize all the signs/symptoms. The BDI was down in 2009 and 2010, but all the naysayers on those threads were here like shills, screaming and yelling " Nothing New ". "Stay with American Idol/porn or MSM as it is all working out; and besides, Oboe is 'monetoring the situation', LOL !

COMPARE CLOSELY WITH LAST YEAR.

the train is going down hill.

things are supposed to be getting 'better'?

bullshit.

check the 1 day results as well.

the trend is much worse than even last year!..

commerce is diving folks!

it looks like the last 3yrs have been like a death rattle motion...something kicking to survive...but now...is going SOUTH...exhaling it's last breath

Down another 3.79% today.
1013.

As has been said before. 1020 or lower is the level at which shippers lose money(ie they can not pay fuel,crew,and maintenance costs).

[link to www.bloomberg.com]

Expect more shippers to go bankrupt in the next few months,much like happened last year.

[link to valuestockguide.com]

Nov 11,2011

Frontline Crashes and Burns

Frontline (FRO) has long been considered one of the best managed shipping company in the business. Let by John Frederiksen, the company has managed to create tremendous shareholder wealth in good years, including succulent dividends and capital gains. The company is now floundering and has announced that there is too much uncertainty in its business and it needs a capital restructuring – more capital infusion – to survive. It is very likely that it may be able to renegotiate some of its debt facilities.

IE Frontline just died.

New 52 week low today.

Down another 7% today at 974....

[link to www.dryships.com]

926

BDI is an economic indicator but what number is going to be a bad one to look out for in the next week? It seems to be losing 30+ points daily but whats the "Oh shit" number like, 500 or something?

I would say about 900 is the oh shit level!!

zerohedge
Baltic Dry collapse getting ridiculous: 893, lowest in years

há 6 minutos [link to twitter.com]

I'd say we can now safely conclude that the BDI has entered a death spiral.

We know the BDI is very volatile. In 2010 it also had its plunge but the ECRI clearly said that this
was temporary. We were not going to enter a recession. They were right.
This time however, the ECRI claims a global recession has already started and there's nothing we can do about it. Love it how they rub that in.

It looks like things are going to converse nicely: China bubble imploding, Greece about to default, debt crisis out of control and the BDI breaching its so important 900 level. Throw in a nice natural disaster and we got ourselves a nice spectacle to watch soon.

You say everything!!!

bump

and....862

It's gonna hit a record low by the end of the month - if it continues declining at this rate.

It doesn't want to stop going down does it!!

Wow, just wow.

umm...how long till the effects of this are felt? Seems like everything is going down right now.

The Fed can keep the market up for months!! Reality will kick in sometime...

Thread: Baltic Dry Index Nosedive

Baltic Dry Index (BDI) -23 784

what an epic loosing streak huh.

Baltic Dry Index (BDI) -4% 753

it's because of new ships and Chinese new year. Yeah, right!

Another 3.6% + drop, down to 726. What was that all time low again? At this rate, might see it next week.


[link to www.dryships.com]