Baltic Dry Index

The game started.

AP Moller Maersk, the world’s largest container shipping firm, surprised the market on Wednesday with the announcement of a DKK9.2bn ($1.77bn) share placing.
The move was unexpected since the Danish firm had pretty much ruled-out the prospect of any fund-raising on August 21, the day it also announced a loss - its first ever - of $540m.
As Lloyds List reported at the time, chief executive Nils Andersen told investors the shortfall had come despite revenues of $22.7bn, on a major loss to the container division of $961m. While the results were not pretty, investors warmed to the promise of aggressive restructuring measures to come: shares moved 7 per cent higher after Andersen said the group would trim between$1bn-$1.5bn from annual costs.

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Baltic Dry Index

China is hitting the brakes. A lot has been opined if this is shown in the Baltic Dry Index, but if this really matters for stocks is another question.
Even better: the action with AIG, Fannie and Freddie has nothing to do with what happens in China.
But everything with the money pushed into the room and used by a small band of traders to move things around.
Not only in the States.
I remember an article stating that 170 bln USD of bank loans where finding their way to the Chinese stock market.
Another thing of course is what happening if China want to buys things these days. They are becoming such heavy weights that they move markets in one or other direction. And apparently the Baltic Dry Index is reacting to this.
The Chinese hand is becoming more visible every day in the markets. Upturn or downturn, they are moving prices.

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