Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Baltic Dry Index Crashed more than 50%

19 sec read

Almost all the global stock markets are in the bullish mood especially Indian markets rejoicing the bullish wind. But on the negative side the Baltic Dry Index, which tracks sea freight rates to ship dry commodities, fell for the 30th straight day through Wednesday to its lowest level since May 2009. According to the Baltic Exchange, which compiles the index, the BDI fell 5.1% to 2,018 points –down to less than half of its May 26 peak of 4,209. i.e BDI had lost more than 50% in just 30 working days!

 

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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3 Replies to “Baltic Dry Index Crashed more than 50%”

  1. Dear Sir,
    With BDI going down 50%, How should we corelate to ou stock markets, Freights are down and may be exports will be more but European economy is not so robust for their imports. So what is the impact we can forsee on our markets.

    Thanks and Regards
    Jeetender

    1. @Jeetender,

      Iam not scaring you. Just presented the uncorrelation between the stock markets and the BDI(the so called leading indicator of global economy).

  2. BDI is leading economic indicator.The market is overheating,need to be very cautious. Same kind of thing happened in Jan 2008.
    -Venkat

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