InvestorsHub Logo

downsideup

12/15/08 11:07 PM

#15 RE: Cougar6 #13

DRYS as a chart trader maybe... as an investment you'd be betting on the recovery of the U.S. consumer, with a need for avid consumption driving a need for a lot of dry bulk goods as foreign made products... which might not be the best timing as we enter what is, so far, shaping up to be a recession roughly comparable or more than that in 1982... Is the dollar going to stay strong, so we can afford foreign goods ? Likely not...

I do like investments in ships... but, the timing is usually best just before the end of a recession... not at its onset. I'd wait for better resolution on the economic data before saying we are near coming to the end of this recession now... although maybe we are coming to the end of the immediate crisis in finance and the crisis in confidence... I still don't see that anything has been done to address the primary issues that plague finance and confidence... but, at least January is getting closer.