Zero Hedge – by Tyler DurdenWe are sure it’s nothing – since stock markets in China and The US are soaring – but deep, deep down in the heart of the real economies, there is a problem. The Baltic Dry Index has fallen for 21 straight days, tumbling around 40% since Thanksgiving Day.
This is the biggest collapse in the ‘trade’ indicator (which we should ignore unless it is rising) since records began 28 years ago…
As The Index itself hovers very close to the post-crisis lows…
Charts: Bloomberg
http://www.zerohedge.com/news/2014-12-19/baltic-dry-index-has-never-crashed-fast-post-thanksgiving
We’re going to be seeing a LOT of things happen that have never happened before.
Stay alert.
The next 20 years will not resemble the last 20…
wow — I thought the BDI was scraping the bottom long before Thanksgiving. Shipping companies must be operating at no profit whatsoever now, just to keep vital employees on their leash.
Don’t touch the stock market. The top stocks, your S&P, Dow, they are connected to computers that are programmed to keep them high, but all other stocks that are not plugged into the automatic “buy” programs and ghost bids will fall.. and if anything happens ALL stocks will collapse. If you have a pension or mutual fund, get out while you still can.