I think the comments regarding the potential of the Baltic rates triggered this volatility in the Dry Bulk Shippers
However, it coincides with the general selloff due to the CDO writeoffs, and I wonder how many hedge funds are also divesting of their positions due to these ongoing problems?
Also difficult for us to know how many dollars are being pulled out of the US markets by foreign investors, eh?
Solar seems to be the new 'favorite' (again), but how long with that last?
I still like the shipping sector, because I think the fundamentals are still there, and the economies of China and India are still strong, still shipping raw materials and finished goods.
We'll see, tho. Hard to predict anything right now, except that we're heading into a recssion (if not already there)