rhino: To Sunny and the rest of the people that thought the BDI was predicting the end of timesSubmitted by rhino on Wed, 02/04/2009 - 16:27
I also thought that the BDI collapse was unusual and needed to monitored on a daily basis, but these are unusual times. I knew it was similar to the credit freeze, the libor going wack job, the massive daily swings in the S & P. The market is finding a short term bottom like it always does.
Having said that ...
There is now a 50/50 chance that it will start to deteriorate again in the fourth quarter or early next year.
These are unusual times.