Friday, December 12, 2008

Baltic Dry Index


As most of you know has collapased.

from over 11,000 into the 700s. It is indicating that world trade has come to a stand still and may not recover.

We know that trade will recover, but we don't know when or to what level the BDI will rise.

Therefore, we are looking at Dryships (DRYS) the Greek based shipper. We have not finished our analysis and make no formal recommendation yet.

Investors may wish to do their own analysis.

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