No, Baltic Dry is not a tasty Swedish Beer. Baltic Dry Index, a measure of sea freight prices, is now in a technical bear market. Signaling a worldwide economic slowdown. Down 40% in just three weeks and a bone crushing 58% since it’s December 2013 top. This works well with our overall bear market of 2014-2017 forecast. But don’t worry, as mentioned earlier, according to the talking heads on TV the market has bottomed and the Nasdaq is going to 5,000. BUY, BUY, BUY. Cheers.
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Baltic Dry Collapses 40%. Signals Economic Slowdown. Google