We have not looked at the shipping index in some time — so lets update this:
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chart courtesy of Ron Greiss at The Chart Store
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Putting aside its incredible product line and pipeline of more, its still attractive valuation relative to earnings, and its $100 per share of cash that may be used for a dividend soon, Apple's stock has gone parabolic. And, parabolic moves always end one way, back to the place where the parabolic move began. Now, AAPL can of course power higher to who knows where in this move but the largest market cap stock in the world has now entered a tenuous phase, strictly technically speaking. But I digress. German investor confidence, the ZEW, in the next 6 months rose back...
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December 14th, 2009 at 12:05 pm
Twin Peaks?
December 14th, 2009 at 12:12 pm
yum…..baltic dry goods…mmmm…I attribute the recent ascent to Barry’s wife buying him packages of those tasty treats he posted about a few days ago…for 25 bucks for 6 1.5 ounce pouches…
December 14th, 2009 at 12:55 pm
Can somebody (who’s not busy) do a MACD on that chart ? No? OK, just thought I’d ask.
December 14th, 2009 at 1:11 pm
Here’s a chart from Bloomberg arithmetically scaled to see the true damage without having to calculate percentages.
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
December 14th, 2009 at 1:27 pm
Cool – that one also allows for macd and stoch
December 14th, 2009 at 1:53 pm
Who cares about the price? Its no measure of economic activity. The price will stabilize and a new equilibrium will form once the supply/demand is adjusted.
We need a tons/month shipping chart.
December 14th, 2009 at 1:58 pm
Some may find these links useful as well:
http://www.harperpetersen.com/harpex/harpexRH.do?showData=true&period=2&&checkedIndexes=0&floatleft=0&floatright=0&exponleft=0&exponright=0&indicator=0
http://www.harperpetersen.com/reports/0949-harpexreport.pdf
December 14th, 2009 at 10:34 pm
It may be obvious to some that this is a log scale chart, but it might be good to label it that way. This gives the illusion things are almost back to normal.