John Faraclas
The Mighty Volatility of the Capers might cause further Market Shocks; John Faraclas briefing on the Markets
The BDI closed up 30 points at 643 thanks to the Capers’s volatility and its respective BCI 2014 reaching 988 points – up 134 since yesterday. Coincidentally this happened whilst the 4th Shipping Conference on Greek Shipping: the Driving Force for Economic Growth was in full …swing at the Yacht Club of Greece precisely when the section 4 on “The Analyst: Fundamentals in Shipping, Macro economy, Commodities” was getting hot… with a 250 plus audience. Ilias Lekkos from the Piraeus Bank, Henrietta Brent-Petersen, Fotis Katsoulas and Angellos Tsakanikas delivered excellent presentation!
The Panamaxes up six and the BPI clocking 604 – modesty and why not Modesty …Blaze… Fire on!
Supras remained at 552 Handies’ BHSI lost two points and now stands at 345…
So, volatility at its best! Dry Markets still have a lot of surprises!
The Wets one again on mixed… feelings. The BDTI was up two points at 734 and the BCTI down two at 475.
The WTI approaching / remaining at US$ 48, might soon cause the big, the biggest worries…
Expect the unexpected; it will strike in all fronts alike an earthquake. We have long ago warned in writting all on Planet Ocean of what is still to come!
Geopolitical issues will further deteriorate, so be on guard.
Despite all these happenings, remind you once again that this is the best ever buyers’ market. Try to capitulate…
