Lack Of Conviction

Looks like the markets similar like Belisarius exhibit lack of conviction. Maybe most interesting development is that Baltic Dry Index keeps falling lower and lover. Collapse here could serve as an advance indicator of China and commodity fall-down..

Chart 1. Baltic Dry Index

Source: Bloomberg

Elsewhere not much happening, sort of contemplation surrounds the markets, and when we have nothing negative n the news-flow we move up on no reason.

Maybe this kind of sick sentiment is a sign of something big brewing.

This entry was posted on Tuesday, June 22nd, 2010 at 8:22 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.


Get Adobe Flash player