I'm new to dry bulk last 6 months, but help me...Didn't some call a bottom in BDI a few weeks back, only to fall further. With global slowdown what's to say it won't just pop back up for a few days only to continue fall in rates?
and what if a plane falls out of the sky on your house, and you are in it on the same day you win 500 million $ lottery. What if China attacks Australia saying they need the land more.
even if we are just seeing a trend change, you do not want to be shorting shippers when BDI is going up and (learned this the hard way) you do not want to go long with shippers when BDI is going south.