Home Markets The BDI@770 has no case to answer; Geopolitics in dire straits…

The BDI@770 has no case to answer; Geopolitics in dire straits…

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John Faraclas – picture credits Panagiotis Tsakos Photography –

At 770 points the BDI has entered once again the dangerous zone and everything can happen. The geopolitics are also going to bother the markets in an unprecedented way. John Faraclas’ daily recap:

The BDI (Baltic Dry Index) lost another 16 points earlier on today since its last closing yesterday 786 points and the word CAUTION is a very mild one, as what will dictate the markets further rests entirely with those in the corridors of business power!

The Capers increased their losses  and the BCI 2014 reads 1,064 points – down 58 points since yesterday!

The Panamaxes and all the others maintained a single digit number; the BPI was down seven and now stands at 926 points, the BSI down four at 670 and the BHSI down nine at 386…

Obviously few have now contingency plans to mount a defence and survive… wonder what’s next as the Dry Markets are more than traumatised!

The Wets too in the red; the last published BDTI (Dirties) and BCTI (Cleans) down 24 and eight points respectively at 877 and 595…

The WTI at US$ 53,90 is still in the undesired zone for the poor and as have stress that could trigger social discontent…

The Geopolitical front remains uncertain given the latest world order following the USA presidential elections, The BREXIT following the plan published in Government  White Paper,  the European messy financial situation, the despicable Syrian and Iraqi saga with the ISIS culprits still at large and Turkey trying for its own “!interests” to destabilise the entire region… Wonder when all the powerful world leaders and the masses awake and send a strong message to Turkey’s Erdogan that the game is over! A full analysis in our weekly report tomorrow.

In the meantime be on guard for every eventuality given the terrorists at large.

 

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