“Nowhere To Hide” As Baltic ‘Fried’ Index Careens To Fresh Record Low

• “Nowhere To Hide” As Baltic ‘Fried’ Index Careens To Fresh Record Low
  by Tyler Durden, www.zerohedge.com  
  Another day, another fresh all-time record low in The Baltic Dry Index as Deutsche Bank’s “perfect storm” appears ever closer on the horizon. Plunging 4.7% overnight to 445 points, this is 20% lower than the previous record low in 1986 and as one strategist warns, “It’s a brutal start of the year, there’s just nowhere to hide on the market.”
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  “This looks like a ripple effect from what happened back in August,” adds Alexandre Baradez, chief market analyst at IG France, hopefully looking forward, “it might continue for a few weeks, but given China’s central bank fire power, it shouldn’t last for more than that.”
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  But Deutsche’s “perfect storm” looms…
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