The index can be looked upon as a measuring 2 related issues.
1.) A measure of shipping dry goods. As such is does not include any speculative element like stocks or bonds.
2.) A measure of over capacity in the number of ships built and active to transport cargo.
Either way this index cannot currently be construed as positive. Either there is simply not enough goods being shipped, a sign of economic slow down or there are many multi million dollar ships on anchor awaiting a cargo. Someone financed these expensive, currently non productive assets. Sounds like banks to me, possibly European based banks.
Looking at and relying on one index is usually not a good idea. Another index the Harpex concentrates on the shipment of container freight and is thus a wider index than just considering dry commodities.
Hmmm……Not much better.
Possible dates for the start of a s/t pull back in equities. Feb 3-7. In particular Saturn turning retrograde has been associated with crests in equities but must be given +- a week. Venus entering Aries on Feb 8 and Venus squaring Uranus on Feb 9 could also be triggers.
While we await a good spot to short equities for a short term pull back, there is a long term astrological signature taking place on Friday. That is Neptune, the planet of illusion, spirituality and delusion, enters Pisces, the sign that it rules. Neptune also rules such things as water, oil and gases.
When such long term events take place it is often interesting to go back in time when the event has happened before and look at some of the major themes. This is an approximate 164 year event. Neptune entered Pisces on Dec 6, 1848 and was in the sign for approx. 14 years.
What was going on. The gold rush, the Mexican war and the lead up to the Civil War. Interestingly the first commercial oil well was started approximately 1859, near the end of Neptunes last trip through Pisces.
Could we see the end of the internal combustion engine and reliance on crude during this transit.
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