12/12/2011 0 Comments
There is a disconnect between the expectations of markets and the EU as far as how the crisis will be resolved. The concept of a quick fix (if there ever was one) has died with the veto of the UK and skepticism of other countries for a fiscal union. Markets seem to have been more optimistic over the weekend meetings only to be disappointed once again by inaction. I think the markets will finally come to the realities of this and ‘force’ the ECB to buy more debt on the grounds of normalizing the markets through another round of selling this week.
12/7/2011 0 Comments
With news of Frontline on the ropes it may be time to start looking back into the shipping industry as a whole. While the industry it still dealing with over supply of ships, there could be long term opportunities coming out of this market (in both tanker and cry bulk) for the longer term investor. Look for companies that can fare out the storm (or another recession) and pay a decent dividend as well. As always, the macro factors of the day will determine when to buy. With Europe still not out of the woods, I may be a few months early on this one, but starting a position on a dip would be prudent.
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