retskas bear culling thursday, page-33

There is a plethora of indicators, but in my opinion the two biggest Furphies in the last 3 years have been the Baltic Dry Index and anectodal observations/rumours/ about the number of ships in port or not in port waiting to ship out iron ore.

Those who have relied on the BDI as a bearish indicator for BHP's performance have at best egg over their face or at worst made big money losses.

The Port Headland authority has very precise records of shipping movements-- more reliable.

I have debated the unreliability of the Baltic index (an index of the cost of hiring bulk carrier ships )at length primarily on the BHP thread, each time promising myself not to do it again.