I'm a newbie to investing and had never heard of the Baltic Dry Index but find the metric useful. Who publishes this stat? Are there any other useful and lesser-known metrics out there? Any comments and suggestions are welcome! Thanks. B
Does the Baltic Index correlate to crude oil and the CRB? Those may be better trading/hedging vehicles.
Unless your Marc Rich or Pinky Green trading bearer bills of lading on tanker cargoes, or planning on taking delivery of a supertanker full of crude it probably wont do you much good. The best part of the Baltic is access to the bar for members when your in London. http://www.balticexchange.com/default.asp?action=article&ID=21#balticIndices