Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: datura

The Baltic Dry Index is low. Shipping is getting ruined.


68 posted on 02/09/2020 3:26:07 PM PST by Vermont Lt
[ Post Reply | Private Reply | To 64 | View Replies ]


To: Vermont Lt
I saw an article on ZeroHedge, or on Bloomberg, that some particular large shipping rate was down by (yes, I read it right) 99.95%. Besides BDRY, is there any other ETF or any tradable instrument which tracks the shipping rates, which has taken a similar hit? (BDRY dropped by ~50% since min-January when I checked).

But if I can find an index that's down 99% or more...

Katy back up the truck: if it only goes back to 10% of what it was, you know..that'd help the old retirement fund, bigly.

97 posted on 02/09/2020 4:19:44 PM PST by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
[ Post Reply | Private Reply | To 68 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson