What in the fuck is going on here? Had I been long leveraged, I’d be blasting my music so loud now, the vibrations from the speakers would literally kill my elderly neighbors. This is too much. I draw the fucking line at the dry bulkers, a sector that has mystified me for the better part of the past decade. It’s like the industry is run by idiot pirates.
Look at DRYS go.
Part of the reason why we’re seeing renewed interest in this shit sector is due to the sudden heart attack spike in the BDI. The cargo on these ships, mainly, is metals — iron, steel, copper, zinc etc. The shippers, as told plainly by a prominent CEO in the space, is a play on China. He told me ‘if you don’t like China, don’t buy out stock.’
This all meshes nicely with the 20% lift in copper. It’s almost as if the market believes Trump will be this great boon for China. Are they fucking nuts? Have they listened to a single word he said? Or, this is the greatest fucking short squeeze in the history of mankind.
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Going crazy because WWIII will use up a shit ton of metal. All kinds, but the jackets for bullets and brass for cartridges comes from copper.
When the absolute shit rises is it not normally a sign that the market is about to shit the bed?