Trading Now

Trading Now

Tuesday, August 25, 2009

BDI still falling off a cliff: -49 to 2388

*but it doesn't really matter does it? Bernanke gets a STAY and the market will likely rally on the news despite the fact that there is little commerce around the world. Not to worry: The federal government will rescue us all with knee deep deficits and overall US bankruptcy for you and yours. Instant gratification wins again.

This means that there are too many ships to carry too few goods, specifically iron ore, copper etc. China has hoarded their own and will reopen their mines to continue that trend. So there will continue to be no need for all the excess capacity out there. Green shoots anyone? How bout a doobie instead...

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