Barry Parker Commentaries
Jul 6, 2015
Click here to access Are we there yet? Flickers of light amidst drybulk gloom
Since earlier in the year, I’ve been commenting on the amazing ability of Wall Street “buy side” equity analysts, and a few company Principals, to put a positive spin on the drybulk market- written off for dead by many observers. Not that I’ve written it off- as an investor, I hope that hires rise, presaging a long-awaited rise in share prices. Though I am not calling any type of a bottom yet, it’s worth noting that June saw an upward burst upward in the Capesize arenawhere hires rose briefly to $10,000/day.