Re: Baltic Dry Index Nosedive
Posted: Sun 22 Jan 2012, 02:41:37
eXpat wrote:And still going down...
Look at that chart
http://stockcharts.com/h-sc/ui?s=$BDI&p=D&st=2009-01-01&en=%28today%29&id=p31943939073
What does this have to do with anything except doomers trying to stay in denial mode? The chart looks like a random number generator short term, and has no meaningful correlation to the gradual economic recovery we've been seeing the past two years in the U.S. -- scary debt and euro issues -- bad as they are, are not stopping it.
But no, it's much better to find an obscure negative index and convince yourself you're right, no matter how many historically reliable indicators continue to grind slowly and painfully upward. (Of course, yelling at OF2 for daring to post the many positive reliable indicators is also helpful).