One might suspect... A little correlation here, inverse or otherwise. http://stockcharts.com/c-sc/sc?s=$BDI&p=D&b=5&g=0&i=p19635311339&r=7307 http://stockcharts.com/c-sc/sc?s=$SPX&p=D&b=5&g=0&i=p31230828887&r=6760