John Faraclas
The Greeks have a …cliché, not just a word for today: “…And it’s the 9th day of the month…” with respect odd situation in life. The BDI (Baltic Dry Index) lost five points earlier on today and now reads 1,481 – that’s 766 points below the 31st of Dec 2013 reading/level!!! Geopolitics too are in limbo… Time to call the Oracle in Delphi; isn’t? John Faraclas’ daily market briefing:
The BCI was up 90 points at 3,349 but the Capes, like any other size going up or down cannot constitute a market… end of the story.-
The Panamaxes were down 47 points with the BPI standing at 1,468 – caution as the fall continues… and our favourite size is under pressure…
The Supras still with double digit losses; the BSI lost 25 points and now reads 936…
The Handies’ BHSI was minus six at 648…
The Wets as always with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 807 – minus seven and 544 – plus two respectively…
The WTI now reads US$ 54.35… not nice for the masses…
On the Geopolitical front, all issues are pretty much the same and we will revert tomorrow with a full scale recap – Fridays special…
We await to see and learn on the deliberations at tomorrows 4th Triennial Grammenos Cass Business School forum in Athens; until then, have a nice evening and be on guard for any eventuality emanating from Pirates and Terrorists wherever you are on Planet Ocean!
