LOL! Maybe a peek at the last few YEARS chart of the BDI would give you a clue. 2009, middle of June to the end of September it went from 4291 to 2220. 2010, June 1 it was at 4078 and fell to 2446 by end of September. 2011, it sucked all year, but did have a slight surge in the late fall. Last year, it peaked at 1160 in July only to fall to 662 by September 11.
sorry audio last year bdi remained under 200 day MA .. now it is substantially above .. the worm is turned .. shipping prices are 20% higher .. valuation of companies not reflective of new fundamentals... you have had you time ... now move out of the way
Did it ever occur to you the reason that shipping companies valuations have not followed the BDI is related to the fact that despite the rally in the BDI (which has been all the result of a movement in the BCI), that the market still remains below levels that allow shipping companies to: a) make money, b) repay their bankers.