http://www.minyanville.com/university/fixedincome.htm?id=4712 (June 2004 the BDI plunged but then recovered and hit new highs)
SEE MY BDI CHART Since HIGH in 2005? a FALL of near 70% !!!
http://www.simonsresearch.com/pdf/Simons_0505.pdf#search='long%20term%20baltic%20dry%20index%20chart' More background.
WHat is the BDI telling us then?
D
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