I am hearing a better than expected grain season in S. America coupled with a sharp increase in Chinese steel production has led to a spike in shipping rates. How is Chinese steel demand spiking if their economy is in the pits? There are so many cross-currents that make no sense. One thing that is crystal clear is higher shipping rates means a faster path to profitability for shipping companies.
My favorites are FRO, NM, SB, EGLE and DSX.
As for the market, who know’s what it will do today. It looks like a higher open, yet I wouldn’t be surprised if we sold off. I have a list of stock that I want to buy into the margin calls. Let the weak sell out and get flushed out. We will be there to eat their lunches when it happens.
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TZA – HERE COMES THE BOOM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You should have made a killing the past two days no?
yes I have. Very tepid bounce today. While a counter trend bounce is likely, I still think we see sub 1550 SPY – at the very least.
Then when the bond market is on the verge of imploding, Bernanke will say “just kidding”
I agree. Weak bounce. It looks like a fade.
So, Fly, load the boat with boat stocks?
No. I just think it’s interesting for the global economy as a whole that shipping rates are ripping as the market sinks.
Shipping is now a loved industry since the P3 announcement. They control their destiny again.
Shipping. The last, oldest, best monopoly on earth.
Navios Maritime. There’s an old name.
Check out NMM too – those two plays are related. One of them is the Bernie Maddoff to the other’s Nasdaq. Can’t recall which
I’ve been wanting to buy C, any opine is welcome. I don’t mean buy right now though.
Good stock… but much lower goes in the summer… pure crystal ball call lol you know I got it at Walmart though 🙂
ECA is getting there… once it gets cheap enough it could be bought out … and we are almost there
$CAD is killed today and so are most other currency… GLD should be down, it is not yet, but it will with strong $US
pretty ass lulu getting skinner
you can start a little bit of C below 42
Boss,
I believe stupid bastards didn’t listen and chased… spanking is coming.
If you are still holding IMMR, when are you expecting it to stop tanking
It’s in liquidation mode. Nothing to do with fundies
What is the deal with IMMR? You must have sold eh?
Haven’t sold a share. Looking to buy more soon.
How far is IMMR going to drop? Now under its 50 Day SMA.
Silver bitches!
Huggie is now long. Let the bounce begin.
ZTS play this bounce
Fly’s BS small caps are getting MURDERED
BANNED
of course I never joined in but UUP damn that’s the trade