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Commentary Topic from greenfaucet

Reflation Trade Buoys Shippers

I wrote yesterday that the dollar would pull back if the market rallied, which is happening. What I'm reminded of today is how enhanced a market play the shippers will likely be if this market turns sharply, particularly the dry-bulkers. Eagle Bulk Shipping (NASDAQ: EGLE) is a good example, up 40+% on the day as I type. These things were being priced for bankruptcy in recent days; if the market starts to price them for recovery instead, watch out.