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Greencake

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Greencake

Re: polkamatic post# 940

Wednesday, 02/04/2009 2:15:09 PM

Wednesday, February 04, 2009 2:15:09 PM

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Shipping Stocks Pull Up Anchor


http://www.thestreet.com/_yahoo/newsanalysis/transportation/10461939.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA


A day after DryShips' stock saw a notable lift, its rival Eagle Bulk Shipping's turn to shine.

Eagle Bulk shares were up nearly 30% to $7.11 in midday trading Wednesday, a few hours after the shipping industry got hearty nod from the talking heads on CNBC. A day before, all of the major shipping firms were in the green, and the Baltic Dry Index has risen the most since at least 1985, according to Bloomberg.
The Baltic Dry Index was rising 168 points, or 15%, to 1,316 points. After falling to 663 in early December, it has risen 70% in 2009. It's record high is 11,793 points on May 20.

"Where Liberty Dwells; There Is My Country" Dr. Benjamin Franklin

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