The above blog was posted on September 4th 2011. The post received lower than expected audience! Sad!
In the post, I was trying to show a relationship between the Baltic Dry Index and global growth. Coincidentally (or not), global markets hit major technical support level on this very day (the 4th week from September 4th, that is October 4th) and reversed.
A summary of October PMI data for Manufacturing & Services, complied by JPMorgan, Markit, HSBC, etc was mixed with the service sector business activity rising for 27 straight months.
Japan, China, Brazil and Russia stood out while India saw fractional growth.
I was researching on major benchmark indices for the US, Europe and the Asia Pacific. I noted that the bottom for the year 2011 was October 4th. After which, we saw the following (two) weeks till current, major indices rallying (catching ...
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