From wikipedia.

On 20 May 2008, the index reached its record high level since its introduction in 1985, reaching 11,793 points. Half a year later, on 5 December 2008, the index had dropped by 94%, to 663 points, the lowest since 1986.

11793 to 663.
Dropped 94%.


I think this is what they call drop until trouser fall. Hehe.

Ok.. the one year chart is damn geng looking.



Zooming out to the 3 year chart...



You can see the index rose towards the end of each year.

End of year seasonal factor?

Google search on 'baltic dry'

http://marketrealist.com/2013/12/baltic-dr...high-2337-year/
Our shipping companies involved in iron core shipping to China?

This other link: http://www.businessinsider.com/baltic-dry-...ar-high-2013-12
I looked at Maybulk's earnings.

Current ytd 9 quarters profit is only 30 mil vs previous ytd 48 mil
Current quarter profit is 8 mil vs 17 mil last year.

Last 5 years.



Last 4 quarters eps 3.91 sen.
Maybulk at 175?
PE 45x



Super crazy price.

Super crazy one year chart of Maybulk.



Maybulk since end 2007...