Baltic Dry Index
Source: http://randomroger.blogspot.com/Posted on Monday, October 13th, 2008 | In Market Commentary
Contributed by: Roger Nusbaum (http://randomroger.blogspot.com) -
Kind of difficult to see because the drop is so vertical but the BDI shows being more than 5000 points below its 200 DMA.
Actually I just saw a quote on CNBC Asia that at showed BDI down another 10% from where it is on the chart.
I’m not sure what to conclude but it clearly reveals how crazy the last couple of months have been.
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 About Roger Nusbaum (http://randomroger.blogspot.com)
Roger Nusbaum is a portfolio manager with Your Source Financial of Phoenix, and the author of Random Roger's Big Picture Blog, which has been profiled in several top business publications, including Barron's and Forbes. Nusbaum has also been a financial consultant with Morgan Stanley, an investment counselor with Fisher Investments and an institutional equities and options trader with Charles Schwab. He holds a bachelor's degree in economics from San Diego State University |
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