Monday, November 10, 2008

World has not stopped?

Posted on "Regular Contributors Private Site" November 5Th 2008

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World has not stopped?

  According to CNBC China slowed down, they don't eat, don't grow, don't produce, don't ship.
Same goes for the rest of BRIC.

And forget about USA's grows prospects for the next 2 years.

It is all might well be true and Baltic Dry ship index collapsed to the levels not seeing since 2001.

The more "they" talk about "it" the more I want to do something in spite of everything being so bad.

May be I am just biased ( I am a perpetual bull, unfortunately), but somehow Coal Producers and Shipping Companies look very interesting long with clearly defined risk ( I am not sure that is this market any risk might be "clearly defined" - the best we can do is to trade small and honor stops no matter what)