Tuesday, August 11, 2009

Baltic Dry Index ($BDI)

The Baltic Dry Index has been heading lower since June. Crude oil is now under $70 and appears to be heading towards its July lows, as I type the markets are again selling off. Interesting report from Bloomberg ... ~read more~

As I stated in Sunday's post ... My observations and call is that individual should take some money off the table on the big gainers like FCX or AA. Keep some cash on hand as I expect a pullback nearterm, where you can redeploy that cash on a longer term play.

*click chart to expand image

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