The index made a weekly close of 862, a 52-week low, down 31 points or 3.5% on the day Friday.
Clearly, global trade is collapsing as evidenced by the near historic lows being placed by the BDI.
If the Fed disappoints next week and fails to officially announce QE3, look for the BDI to plunge further to all-time lows.
So much for those green shoots.
Baltic Exchange Dry Index (BDI)
& Gold (gold)