About That "Surge" In The Baltic Dry Index
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Some 'entertainers' among the mainstream media have proclaimed the recent dead-cat-bounce in The Baltic Dry Freight Index as representative of some renaissance in China and thus the world's trade.. and thus why one should "buy buy buy" stocks. However, three quick points of note suggest this is nothing but noise as the index flounders around record lows.
First, at 555, The Baltic Dry has just managed to rebound to its previous all-time historical lows from 1986... impressive eh?