Baltic Dry Index
Thanks Odd Job for highlighting Shipping.
Cant trade this directly…its an Index for Shipping Rates. A measure of economic activity as I understand it
It has about doubled this year already. This week it broke out of a classic H and S Bottom.
Here’s one you can trade DRYS
https://en.wikipedia.org/wiki/DryShips_Inc
Up 22% last week …I have never seen a chart like this since Enron
the 22% doesn’t even show up on the weekly because this thing has been so flattened.
If this thing is going to start up…it looks like a long way up just to get back to nowhere.
This Cant be Right ? …in 3 years it dropped from 50,000 ( Fifty Thousand) to 1 ( One) ?
50000 to 1, that’s an impressive drop !
Thanks,Fully. I bought 100 shares as a cheap entre.Might buy more.At last year’s high it would be worth $230,000.Who knows?