The global shipping index continued its cliff dive Friday, dropping another 4% to 753! At this pace the BDI will break 2008's extreme lows within the week!BALTIC DRY INDEX
753.00 31.00 -3.95%
Baltic Exchange Dry Index (BDI) & Gold (gold) |  | ||
 The 10-year index clearly shows that the BDI is in a clear downtrend channel since early 2008, and is imminently preparing to take out its all time low placed in the wake of the Lehman Bros. collapse.
Charts courtesy Investmenttools.com |
