Cesarnc's market talk, gossips, rumours & fun

a lot of people making big money today.
while others die of hunger

A little news item related to how the world economies are doing:

Sector Snap: Drybulk leaps as index hits record
Thursday May 15, 1:20 pm ET


Drybulk shippers jump as a key shipping index hits all-time high, with biggest 1-day gain


NEW YORK (AP) -- Investors flocked to the drybulk sector Thursday, as a key shipping index set an all-time high amid increasing activity for the vessels that carry commodities including iron ore, coal and grain.

The Baltic Dry Index, which measures drybulk shipping rates on 40 routes across the world, soared 418 points Thursday to close at 11,067 -- its highest point since mid-November of 2007. The increase marks the biggest leap ever for the index. The largest drop was 443 points in mid-January.

The index is managed by the Baltic Exchange in London.

Dahlman Rose analyst Omar Notka said the 2009 contract rate for Capesize vessels -- the largest drybulk ships on the seas -- has leaped 15 percent in just the past two days. Rates for the vessels on the spot, or unchartered, market topped $200,000 Thursday, he said.

Capesize vessels are so named because they are too big to fit through the Panama or Suez Canals and must instead navigate the Cape of Good Hope or Cape Horn to travel between oceans.

Demand for Panamax vessels, the largest drybulk carriers that can fit through the locks of the Panama Canal, is also booming.

Notka continues to assert that demand for drybulk vessels will remain strong through next year, as steel prices continue to climb.

In afternoon trading, shares of DryShips Inc. leaped $5.71, or 5.8 percent, to $104.75. Diana Shipping Inc. added $1.77, or 5.1 percent, to $36.70.

Excel Maritime Carriers Ltd. gained $1.70, or 3.4 percent, to $52.36, and Genco Shipping & Trading Ltd. rose $2.11, or 2.6 percent, to $82.28.

Euroseas Ltd. added $1, or 6.9 percent, to $15.50, while Navios Maritime Holdings Inc. rose 37 cents, or 2.7 percent, to $14.26.

Danaos Corp. gained 61 cents, or 2.4 percent, to $25.77 and Eagle Bulk Shipping Inc. rose 26 cents to $34.76.

Still a fuckup market across the board. As Dow started May at/above 13k, I (naive screwup MF) thought "okay... BS is over, time to resume the trend, carries redemption, USD already beaten up enough, time to recover"

May, 15th: EU two dojis in a row (weekly), carries still BSish, Dow below 13k, Central Bank officers still lost as cockroaches in a chicken barn.

The good news: I developed the "takeloss / stopprofit" strategy. Gotta go, phone ringing. Forbes and Time Magazine still fighting to have me in the cover.

Here is your cover pic my man...

5 minutes away from NY close and Dow high for the day is 12995.50

Dow and Carries seem to be decoupling.

No...

This is the one

http://i2.photobucket.com/albums/y28...c/forbes-1.jpg

How come nobody ever thought of this brilliant takeloss/stopprofit strategy before!

your kidding right do you have any idea how many successful traders are now retired due to this great system of trading - visit the early post, possibly the current ones too on the cable thread (should drop by for a lort trade some day or shall i screem shong)

Oh my God, there's another one in the race for Forbes.

Now see this: this fellow "Guy Ritchie", despite the name, a NYC bum, is on the run for Forbes' Billionaires List.

He launched a website for people to donate.

Here is his strategy: if every single internet user in the world donates $1, he will be on the list by end 2009

He said he is "a billionare imprisoned in a bum's body" ...

We all are, Guy. We all are

I won't post the website here, for I don't know it it would be against the rules...

I'm out, some late biz meeting today...

I can't stop laughing.....YOUR KILLIN ME!!!!!!!!

HOLLA

thats some funny shit cesarnc

damn i need a hit real bad, pass the rock

You guys should show more respect to Forbes, whatever...

Well, here comes the Friday.

I'm going to a 2-days endeavor here, to format my desktop, that's running like a piece of junk even with 1GB RAM. Of course, with all the junk Windows keeps...

Friday: backup of all my files
Saturday: format and reinstall
Sunday: Cursing, calling friends for help, regret, try again .....

What's an "official name"?

We all know Suge Knight set Pac up because he wanted off Death Row Records to start his own Makaveli records. Okay it's a stretch...LOL!

Top 10 Reasons Why Suge Killed 2Pac

pac was on Death Row, there's only one way off Death Row. people get executed on death row.

Huge housing data and revisions.. WTF? US Kitchen at full throttle

THE BATTLE BEGINS.......

WHO'S BLUFFING......

HOLLA

YEAAAAAAH....YEEEEEEAH......YEAH.....TOTALLY DUDE!!!!!!!

PARTY LIKE A ROCKSTAR!!!!!!!

HOLLA