Is this index sending a message?

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Time will tell what the true scoop is with the price action of late in the Baltic Index

4 Comments

Jeff B on 01/24/2011 at 10:32 AM

No ETF, but you can approximate with the bulk shippers:
SB, DSX, NM, EXM, DRYS, EGLE …etc…
All stocks I prefer to “rent” rather than “own”, as Rosenberg would say.
Best Regards,
JB
Chris Kimble on 01/24/2011 at 7:25 AM

Scott…I share the Baltic chart for a macro perspective only. Am not aware of an ETF that tracks this index.
Scott A. on 01/23/2011 at 11:18 PM

Chris: is there a favorite ETF you use to trade this index?
larry on 01/22/2011 at 4:14 PM

While Clarkson Plc, the world’s biggest shipbroker, expects seaborne trade in the two cargoes to exceed 2 billion metric tons for the first time this year, the 7 percent increase won’t be enough to eliminate a glut. About 200 capesizes, spanning some 35 miles end-to-end, will leave shipyards this year, expanding the fleet by 18 percent, the Bloomberg survey showed.”

I figure the above quote sure doesn’t help