Baltic Dry Index Up Eleven Days In a Row: Should You Care?

Discussion in 'Trading' started by ASusilovic, May 17, 2009.

  1. #22     Dec 26, 2009
  2. zdreg


    Sea -ETF
    #23     Dec 26, 2009
  3. Is there an ETF that tracks the Baltic Dry Index? SEA is not it.
    #24     Dec 26, 2009
  4. zdreg


    do a search .
    #25     Dec 26, 2009
  5. I did. I came up with nothing.
    #26     Dec 26, 2009
  6. You CANNOT have an ETF of such a service. Freight rates are prices for transporting goods. The index is a weighted average of the reported prices for a number of shipping routes and it is estimated once, daily, by inputs from a number of brokers. It is an indication only. It represents no real value. You cannot trade anything that does not represent real value. How are you going to evaluate whether it is a fair trade or not?
    #27     Dec 27, 2009
  7. 600+ ETFs and there's no Baltic Dry Index ETF ??? :O
    #28     Dec 27, 2009
  8. I guess you did not read carefully my post above. The BDI is NOT a security that trades. It is the daily ESTIMATE of freight rates for a number of routes. It is the price of a service. Do you know of any other ETF that prices a service?
    #29     Dec 27, 2009