Dry Bulk Rates

I just wanted to go ahead and post these charts tonight and will try to add my thoughts tomorrow. Very interesting. I don't check these charts very often, but was curious if there would be any change with the economic stimulus out of China. The news seems like it would be bullish for commodity stocks but this chart continues to say anything but that. I'm curious to see if this changes in the days to come.

FYI: If you don't have much experience with BDI charts here is a little background from investopedia.com: "Changes in the Baltic Dry Index can give investors insight into global supply and demand trends. This change is often considered a leading indicator of future economic growth (if the index is rising) or contraction (index is falling) because the goods shipped are raw, pre-production material, which is typically an area with very low levels of speculation.

Because the supply of large carriers tends to remain very tight, with long lead times and high production costs, the index can experience high levels of volatility if global demand increases or drops off suddenly. The Baltic Exchange also operates as a maker of markets in freight derivatives, a type of forward contract known as FFAs (forward freight agreements) that are traded over-the-counter."