All plus today for the BDI @ 366, but…

Anniversaries, Markets, Shipping Indices, Statistics, Stock Markets, Trade and Commerce — By on March 8, 2016 at 11:43 PM
John Faraclas

John Faraclas

One of the rare days when all Baltic Indices where on plus! John Faraclas market briefing:

With a dozen points plus the BDI at 366 indeed …”makes waves”, but, as per the title of this briefing, don’t count your eggs before they are thatched!

  • The BCI up 18 points standing at 180; the size of volatility always THE surprise….
  • Big gains for our favourite size, the Panamaxes and the respective BPI gained 25 points, clocking 422, above the 400 points threshold!
  • The Supras too got nine points plus – now at 388 and approaching the 400 points too!
  • Plus for the Handies’ BHSI even with three points up – now at 240!
  • The Wets also on a plus modus; the last published BDTIU and BCTI  stood at 738 and 515 respectively – up 18 and three!

Oil prices fighting to remain above the US$ 36 mark…

Once again: the best market to enter. For the record, remember also that we are 11, 381 points below the zenith point mark of June 2008! Remember that we are also 1, 908 points below from the end of December 2013 figure!!!! The 76 points plus from the all times low of 290 is very near…

Geopolitics, particular in the wider Middle East and South East Europe North Africa region more than in a total mess! The Global recession is now ante portas; we stick to our short and long term forecasts!

I am sure that one day all these despicable morons, I mean the political leaders handling the Migrants issue will seat on the dock; we will be the first to question them – they are already humiliated!  Times and Tide, as you, change, they always change, do please make a note of this! As most Migrants sufferers at the end of the day are Women – Mothers, Grandmothers, Wives, Sisters and daughters let’s remember today the International Women’s Day that this despicable situation will end – the alternative will be for all detrimental!

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