Stocks that Float: TANKERS & DRY BULK SHIPPERS

[Milner]

AD,

I think your absolutely right. The dry bulk shippers swing with the prices of commodities. Since all those commodities that are shipped in dry bulk are so oversold there is no great hurry to get them to market. Since this BDI has been falling the producers are in no great hurry to get their product to market because they know by just waiting they can get a higher price for those goods. It would take a great force just to hold this action from correcting with all of the forces pushing back twards a fair market price again. Oil is a great example of that. Oil is way way way oversold. Its on the same playing field as copper , silver and steel. Once there is any activity indicating an upswing of any kind these shipping companies that survive this consolidation and messy financial cloudiness are going to run downhill for a long time to come.

Thats just my opinion though..

I could be way off , this market has a real way of making me eat humble pie....!!!!