Baltic Dry Index has just hit all time low!

Bring the DOOM!!!!

Don't you think it's great?

GLPers need to realize this means shipping of products via boat has almost dried up. This means food, raw materials, etc. The Baltic Dry Index has been going down since about 2008.

I posted this in the other BDI thread also.

Dominique de Kevelioc de Bailleul: Suddenly the Baltic Dry Index (BDI), a key index that economist watch for signs of expansion or trouble ahead for the world economy, has collapsed. Because two previous steep declines in the BDI foretold stock market crashes, one may not want to wait too long for confirmation of the dreaded Hindenburg Omen to go short stocks and long booze, cigarettes and ammunition.


[link to etfdailynews.com]

ALL TIME LOW!!!

Where are the fireworks?

No it hasn't. It hit its previous low in 2008 and then recovered. It's back down to that level in the last month alone. There has been no steady decline.

What have the shills got to say about this...?

While the BDI is important, the Hindenburg Omen is pure BS. There were numerous HO last year that meant nothing.

Shills for what or whom? I'm sure in your mind anyone that doesn't agree 100% with your personal opinion is automatically a shill right?

+1

And the markets are rallying. What can we make out of that?
Everything is fucked up

680 as of now, that`s a really steep decline... I`m so glad I went out of the stock market last summer.

[link to www.bloomberg.com]

Bloomberg updates late, its 662 now. It hit 666 in the 2008 financial meltdown.

All I think when I read about the BDI crashing is that some captain somewhere is watching that movie "Virus" where jamie lee curtis is on that boat shipping stuff across the ocean in the 90s for a massive payout and saying "THOSE WERE THE DAYS"

Yeah, Bloomberg updates later.

DOOM is already here!

Baltic dry tards!

this is the end, my only friend the end. a thousand million times the end

wow. looking at this...the down trend is consistantly...CRASHING

At least is skipped 666.

Lowest since 1986...

so ...trade has collapsed to levels of 1986?...

and the RECESSION IS OVER?

WTF? HOW LONG CAN THIS LIE GO ON?

This has to be Bush's fault

A new day, a new all-time low: closed at 651 points today!!!

We need come Vuvuzelas to celebrate!

There was a discussion about this on zerohedge yesterday... Baltic dry has drop so much because, basic premise, is fewer ships needed as recent new builds have come online in the last few years with 10x the capacity of the ships before therefore same goods and newer bigger ships which are only marginally more expensive to run, so much more space supply for same or marginally lower demand equals much lower prices ie lower bdi... the only thing to cry about(croc tears, wah) is for shipping guys because they were building these ships when they could rent for a fortune and now sorry guys your greed has got the better of you, and you are not going to pay these new ships off anytime soon... my heart bleeds, not......

this indicator watch really needs to change to see the tonnage shipped which would a good replacement indicator for overall economic vitality...but for this indicator like the Hindenburg omen, pass performance is not indicative of future performance and in reality things are much different now compared to when these indicators 'worked'...

one thing you may consider for your doom instead of the BDI... is "divergence we have now, where equity markets remain resilient as credit markets falter" (from philstockworld.com)these are now similar to mid-2007 through 2008 "which, as you'll recall, was not a particularly good time to be bullish on stocks"