BreakOut Posted February 11, 2012 Report Share Posted February 11, 2012 "The BDI, along with about every other indicatoris useless or nearly useless unless [1] You can review the actual source data [2] Have a perfect understanding of how that data is collected and from whom& [3] Have a perfect understanding as to how the data is then processed. In addition, specifically in this case, what are the impacts of externalities such as excess capacity. For instance, if the number of ships available just increased significantly and the number of ships on empty backhaul is temporarily up that should crush the index. Conclusion -- it seems the BDI and it's recent plumment is worth a review, but to take that chart on face would be lazy (generally speaking, not pointed at you. In the end, as presented, it's an interesting chart, but that's about it" Could explain it. Too lazy to pursue it further. Link to comment Share on other sites More sharing options...
Trader Joe Posted February 11, 2012 Report Share Posted February 11, 2012 In addition, specifically in this case, what are the impacts of externalities such as "excess capacity" For instance, what about any recent credit ratings action in the shipping space and the impact on the availability of trade financing for shippers to take on cargo? Have the number of ships that fly under the Greek flag caused a skew due to sovereign credit concerns? Just one example Link to comment Share on other sites More sharing options...
zero_value Posted February 11, 2012 Report Share Posted February 11, 2012 Ding Dong Link to comment Share on other sites More sharing options...
DrStool Posted February 11, 2012 Report Share Posted February 11, 2012 This is a test. This is only a test. Please do not adjust your screen. Do not try this at home. Doo your own doodoo diligence. All other yadda yadda disclaimers apply. Chart porn video Only available to Wall Street Examiner Professional Edition stocks package subscribers. Click link below to try risk free for 30 days. Take a subscribatory. Link to comment Share on other sites More sharing options...
psyche doctor Posted February 11, 2012 Report Share Posted February 11, 2012 We all know that crapple is extremely stretched. We all know that this extreme move will have to correct at some time. Lastly, trying to pick a top that will lead to said correction has been, lately, an effort in futility. Well, I would like to continue and expand on that futility with the effort you see below. On the chart you will see a 1.618 extension of the entire move from the June 20 low to the Oct. 17 peak. Note that in the chart below there is an error: Obviously, meant to say extreme overbought mental condition. Link to comment Share on other sites More sharing options...
BreakOut Posted February 11, 2012 Report Share Posted February 11, 2012 <br />This is a test. This is only a test. Please do not adjust your screen. Do not try this at home. Doo your own doodoo diligence. <br /><br />All other yadda yadda disclaimers apply. <br /><br /><a href='http://wallstreetexaminer.com/stocks/clip021112.wmv' class='bbc_url' title='External link' rel='nofollow external'>Chart porn video</a><br /><br />Only available to Wall Street Examiner Professional Edition stocks package subscribers. Click link below to try risk free for 30 days.<br /><br /><a href='http://wallstreetexaminer.com/?page_id=19' class='bbc_url' title='External link' rel='nofollow external'>Take a subscribatory</a>.<br /><br /><br /><br /> Sweet! Link to comment Share on other sites More sharing options...
capitall Posted February 11, 2012 Report Share Posted February 11, 2012 The BDI, along with about every other "indicator" is useless or nearly useless unless: [1] You can review the actual source data [2] Have a perfect understanding of how that data is collected and from whom [3] Have a perfect understanding as to how the data is then processed In addition, specifically in this case, what are the impacts of externalities such as "excess capacity" For instance, if the number of ships available just increased significantly and the number of ships on empty backhaul is temporarily up that should crush the index Conclusion -- it seems the BDI and it's recent plumment is worth a review, but to take that chart on face would be lazy (generally speaking, not pointed at you) In the end, as presented, it's an interesting chart, but that's about it Yeah, there are a lot of factors to be informed about. Like where are these shipping companies located? Greece, usually. I don't know why this is so, but it is. And how much debt do they usually have? Up to their ears. Regardless of what industry companies are in, if they are located in Greece and in debt up to their ears, the index of such companies is not likely to look very pretty. Link to comment Share on other sites More sharing options...
DrStool Posted February 12, 2012 Report Share Posted February 12, 2012 It Would Have Been Enough! Link to comment Share on other sites More sharing options...
DrStool Posted February 12, 2012 Report Share Posted February 12, 2012 Sad about Whitney Houston. Link to comment Share on other sites More sharing options...
bundys_dodge Posted February 12, 2012 Report Share Posted February 12, 2012 Jeremy Lin of New York Knicks, Harvard graduate. From New York Times- February 11, 2012Lin Keeps His Cool; Around Him, Heads Spin By HARVEY ARATON Jeremy Lin not only outscored Kobe Bryant by 38-34 on Friday night at Madison Square Garden, but he also had the audacity to better by a point Carmelo Anthony’s team high this season. http://www.nytimes.com/2012/02/12/sports/basketball/the-knicks-jeremy-lin-keeps-his-cool-as-heads-spin-around-him.html Link to comment Share on other sites More sharing options...
Jimi Posted February 12, 2012 Report Share Posted February 12, 2012 Very sad. Hard to go through life anymore without encountering addiction. My sister is over 20 years sober. Celebrity and addiction is a wicked combination, given the affirming hangers-on. Burn bright. Die alone in a hotel room. Link to comment Share on other sites More sharing options...
Jimi Posted February 12, 2012 Report Share Posted February 12, 2012 Friggin' Knicks just won again! Come from behind late in the 4th. Lin is the best thing in the NBA this season. Link to comment Share on other sites More sharing options...
quanta Posted February 12, 2012 Report Share Posted February 12, 2012 This is a test. This is only a test. Please do not adjust your screen. Do not try this at home. Doo your own doodoo diligence. All other yadda yadda disclaimers apply. Chart porn video Only available to Wall Street Examiner Professional Edition stocks package subscribers. Click link below to try risk free for 30 days. Take a subscribatory. Very nice quickie overview! More in depth is also better. Would like to see the same for PM an Trasheries... Link to comment Share on other sites More sharing options...
quanta Posted February 12, 2012 Report Share Posted February 12, 2012 Gold Correction This is an interesting chart: Link to comment Share on other sites More sharing options...
bundys_dodge Posted February 12, 2012 Report Share Posted February 12, 2012 The embers of "Occupy" still simmering... February 11, 2012Occupy Movement Regroups, Preparing for Its Next Phase By ERIK ECKHOLM The ragtag Occupy Wall Street encampments that sprang up in scores of cities last fall, thrusting “We are the 99 percent” into the vernacular, have largely been dismantled, with a new wave of crackdowns and evictions in the past week. Since the violent clashes last month in Oakland, Calif., headlines about Occupy have dwindled, too. Far from dissipating, groups around the country say they are preparing for a new phase of larger marches and strikes this spring that they hope will rebuild momentum and cast an even brighter glare on inequality and corporate greed. But this transition is filled with potential pitfalls and uncertainties: without the visible camps or clear goals, can Occupy become a lasting force for change? Will disruptive protests do more to galvanize or alienate the public? http://www.nytimes.com/2012/02/12/us/occupy-movement-regroups-laying-plans-for-the-next-phase.html?hp Link to comment Share on other sites More sharing options...
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