Shipping stocks are a wildly volatile group as they seem to feel every bump in the movement of the Baltic Dry index, which after being a one-way trade for a couple of years has endured some nasty corrections in the last year.
The segment's volatility is neither good or bad. Shipping stocks can be thought of as a play on facilitating the movement of goods and commodities, among other things, which have contributed to the improving quality of life in many countries around the planet.
If you think the movement of stuff is likely to be an important global theme then the new Claymore/Delta Global Shipping Index ETF(SEA Quote) allows access without the single stock risk. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.84 | 1,095.63 | 2,144.60 | 32.01 |
Oil *
78.41
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|
UP
34.92
|
UP
4.14
|
UP
6.16
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DOWN
0.30
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10 Yr
3.20%
SPDR Gold
115.65
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|
+0.34%
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+0.38%
|
+0.29%
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-0.93%
|
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