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EPS100Momentum (71.87)

Drybulk Index is a leading Indicator not Jobs Data (Lagging indicator)

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October 01, 2009 – Comments (5)

The drybulk index has turned up after testing March 2009 lows. If this upward trend continues then that will be your proof that the economic uptrend will continue into 2010.

The BDI is a great indicator for the demand of Dry Bulk goods. (Coal, copper, lead, silver etc.)

Increase in BDI equals increase in global economic activity.

 

 01 October 2009

Baltic Dry Index (BDI)    +64   2284

http://www.dryships.com/pages/report.asp

5 Comments – Post Your Own

#1) On October 01, 2009 at 3:00 PM, jason2713 (< 20) wrote:

interesting to know.

Just too many mixed signals right now.

I think everyone has their eye on unemployment.

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#2) On October 01, 2009 at 3:06 PM, EPS100Momentum (71.87) wrote:

The jobs data Friday is reason to buy right now. Think about, people are selling scared of that data. Once data is out they will see stocks start to move up again and will have to buy back in again or else risk losing more upside gains and be left behind.

 

 

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#3) On October 01, 2009 at 3:10 PM, Mark910 (< 20) wrote:

If it is a leading indicator it says we drop like a rock for 2 months then.  At least thats the last magor move I see on the BDI.

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#4) On October 01, 2009 at 3:19 PM, lquadland10 (< 20) wrote:

Could it be that our Dollar has devalued so much that they can charge more now?

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#5) On October 01, 2009 at 3:26 PM, ocsurf (< 20) wrote:

I think its a good time to look at Dry Bulk Shipper like PRGN, GNK, and NM.

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