Baltic Dry Index Posts 33rd Consecutive Decline, Down 2.7% to 1,790

[MNeagle]

The CSX earnings surge can be easily explained now that the rail company has cornered the China-US transportation corridor (what's that, it's an ocean? that's ok - the president will enact a law changing that). Because goods transit sure isn't using the dry bulk shipping sector, where the Baltic Dry has plumbed to a fresh 14 month low, continuing its longest drop in 9 years, down for a 33rd sequential day to 1,790 from 1,840. Don't look for any record numbers out of the China Customs agency or the US trade deficit in the next month.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/trichet/BDIU%207.13_0.jpg

http://www.zerohedge.com/article/baltic-dry-index-post-33rd-consecutive-decline-down-27-1790

[Ares]

Everything is fine the market is doing well. Why do you doomers insist that this is a cause for concern?

:sarc:

[Book]

http://www.garon.ch/nouveau/cargo%20ship%20container%20san%20francisco.jpg

http://marcojette.com/yahoo_site_admin/assets/images/containership.9145535_std.jpg

Don't worry kids! Wal-Mart will soon be stocked to the rafters with Christmas toys made in China.

:D

[Gaillo]

Hmmm...
Sounds like a shipping disaster in the making! :o