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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Ed Ajootian who wrote (184503)	6/19/2014 2:03:06 PM
From: Salt'n'Peppa	4 Recommendations of 206175

Nobody accused the BDI of being a leading stock market indicator. It is a leading economic indicator, and the picture for global trade is not rosy. US stock markets (and therefore the world's stock markets) have been subject to three QE, zero interest rates and falling bond returns. There is simply nowhere else to put your money and it has been that way for several years. Wish I had realized this in 2010! Look at the insane share prices of many momo stocks that produce nothing, transport nothing, contribute nothing. They are simply advertising platforms. These will never contribute to the BDI. The same goes for banks. Only the mafia and some South American cartels will put money on ships. Probably no paper trail to lead back to the BDI either! Yes, banks do fund other ventures, but I don't want to complicate things. JMHO, S&P

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