Reading Capitol Link, Hellinic Shipping and Bloomberg, those feeds have a common opinion that China is not close to bottoming and is near collapse. Thus the stimulus package which at the moment is being considered.
This recent Dow pop is due the the US bail out of the auto big three. And the loosening of domestic credit.
This recent pop could have enough momentum to break through to the China recovery, if so we could go for a nice ride, but I say that with a very large reselection. More of my opinions.
I'am very close to taking positions in egle again along with dsx and or drys.