As America bulked up last night, coincidentally, so did the Dry Bulk Shipping industry. There has been a swift sea-change in rates that demands to be observed.
Here is yesterday’s move in the BDI
That’s right, a 9% move in the BDI occurred as you stuffed your fat faces with bird.
And today’s move:
Most impressive is the spike in Capesize rates, which is helping GNK and DRYS rip tits to the upside.
The shipping index inside of The PPT is up more than 3% today, led by gains in SHIP, FREE, FRO, TOPS, EGLE, ESEA, NEWL, VLCCF, SBLK, NAT and PRGN.
However, as a student of this industry, an industry crushed under the weight of oversupply and economic sloth, I am telling you right now the best company is BALT. They’ve been bulking up and so will your wallet, if you’re so inclined as to hold it for another 3 months.
HAPPY BLACK FRIDAY!!!
Greetings from the pirate vessel in the turbulent seas, The SS CLAWHAMMER.
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FIG
I wanna buy but those tiny islands Jp.,
China and USA are having a pissing
contest over is impairing my will.
cheers
BALT is banging on the top of that flag. A few more cents to break out of a multi month bull flag would be insanely bullish. $7 before year end.
Everything just keeps going up. I bought me a supply of SDS today just as a small hedge. I figure we give a little back next week on some profit taking.
The year has ended well and now I’m just gonna play defense through December.
SDS hedge working very nicely areadly…I am looking for profit taking next week and then we’ll see.
Obamacare is causing premiums to go up for millions of people, it is like a huge tax increase. It could really dent the economy.
Nice trade huggie. Next week is going to be hell for the longs.
thats what i’m thinking…i’m long but nicely hedged, and lower prices would give me a nice buying opportunity.
And if it keeps going up, oh well….cocaine is a helluva drug.
Don’t even think of buying next week. This is the top of the market.
The top is around 1/14/14, according to Tom McClellan (not one of those perma bears).
Still have a bunch of points to go, though.
Here is a chart compared to 1929 (for what it is worth).
http://www.mcoscillator.com/learning_center/weekly_chart/1929_analog/
Speaking of Tom McClellan, AAPL was supposed to a RCA by now…
Don’t fault you at all for trying to call a top. The action since shutdown-reversal is bizarre to say the least.
Personally have been shorting into, breathing room next week, at least, if not forming/confirming, Top
Chiscam company just went through a reverse split and an acqusition that guarantees an eventual graveyard short: ZOOM
Welcome to hyperinflation people. The market gets destroyed next week. We have just experienced a blow-off top. I had balt for a while, but I sold it because I have a feeling all stocks are going to get hit.
When the dust settles, I will be buying balt in size.
Didn’t get a 45th record close Dow. Leaving at 44. Coincidence…? (markets are Not just moving on their own…) More later
More later? Spare us, please.
Observation held… “Smarty”
Your arrogance/dismissing is staggering. “won’t go down” “corrections contained” “There will never be a bear market again”
Held for confirmation/Before proclaiming. Believe, The Top, has occured. And higher highs only bring bears closer to our goals
The invincibility will make you/others look so puny, pathetic in the end…
Blow off top? STFU. Nobody worth their salt is selling December. As for BALT, if DBI continues higher BALT will go higher. Yea, you just called the top based on some bullshit technical crap during a holiday week. Go get’em tiger.
J Livermoore, if I could, I would bet your house on this being the top.
My house, but not your house? Hyperinflation? Not enough currently to stop the market here. Sure we could pullback, but there are higher highs ahead. You are throwing these terms around, but don’t know what they really are. Blow off top? Ahahahahahahahahahaha
Sure, I’ll put my house and everything in it, plus all of my assets in.
Anybody else notice that in the last week or so the VIX (VXX) has been grinding up as the Stock Market has also been grinding up.
Kind of unusual and a switch from the past.
More hedges by the pros going on/rollover of contracts?
yes trader. That is why I am in VXX calls.
As I told my partner, Mr. Partridge, last night: stay long and don’t waver. If you’ve been watching how your favorite stocks behave lately, you will know which ones to add on a dip, you will know the set-up. I mentioned NVAX and SVA here last week. These two stocks have more room to run.
Nice touch on the logo again, I like the thematic changes, they are newsy and artsy combined.
January brings more Govie drama, there is your drop
Ya stole mi flag, arrrrgh!