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Baltic Dry Index: http://goo.gl/qkTOp
Seekingalpha: Baltic Dry Index and indicator for economy / S&P
This link is excellent analysis of dry vs S&P (I think he is slightly missing the point as the index to measure against should be Shanghai as China is the biggest driver of the index, but never the less, the divergence is significant in size and time, this does not mean too much but in 2008 this was early warning, but do read this extensive link as the author seems to have good control of the statistical and research aspect.
Happy New Year,
--
Seekingalpha: Baltic Dry Index and indicator for economy / S&P
This link is excellent analysis of dry vs S&P (I think he is slightly missing the point as the index to measure against should be Shanghai as China is the biggest driver of the index, but never the less, the divergence is significant in size and time, this does not mean too much but in 2008 this was early warning, but do read this extensive link as the author seems to have good control of the statistical and research aspect.
Happy New Year,
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