Baltic Dry Index: It looks to be bottoming

Posted by Drizzt
March 10, 2009

It looks like shipping rates are bottoming. The Baltic Dry Index (BDI) measures shipping rates for dry bulk carriers that carry commodities such as coal, iron and other ores, cocoa, grains, phosphates, fertilizers, animal feeds, etc.

Always a good sign because as i mentioned previously, the commodities market should bottom before the stock market.

Baltic Dry Index: It looks to be bottoming BDI030909

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Contrarian, Economics

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