baltic dry index off a cliff, page-9

Miner, Thorburn,
There is an excellent write up on the BDI and how it has indicated severe downturns in the past on ZeroHedge. This guest blogger paints the picture with more clarity than I ever could. He also refutes some of the recent claims made against the BDI as an indicator. Reader comments on ZH are priceless as always.

http://www.zerohedge.com/news/guest-post-baltic-dry-index-signals-renewed-market-decline

Cheers,
Al.