Thursday, November 20, 2008 9:14:14 AM
BDI is bottoming. Should take about a year. The dry bulk survivors will be tricky to figure out because these low rates even though it is a bottom is burning their cash away. anyone with high per day operating cots are dying.
So no major pop in dry bulk stocks. I think dividends might be taken away to get bigger margins and provide opportunity to survive these low rates. But this is a very good sign for the global economy. I would be looking to stick money into index funds right now for a 3-5 year hold.
So no major pop in dry bulk stocks. I think dividends might be taken away to get bigger margins and provide opportunity to survive these low rates. But this is a very good sign for the global economy. I would be looking to stick money into index funds right now for a 3-5 year hold.
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