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Trade Looking Ship-Shape

By Jim Cramer

 About this article:
 Lost in all of the bearishness that surrounds the day-to-day of this market -- which is beyond me -- are some trade indicators that are off the charts. Last week, we saw a dramatic increase in shipping rates, particularly the Capesize rates, in keeping with the dramatic increase in the Baltic Dry Freight index, something that keeps going higher and higher, including today's reading. We have also seen a rally in the crude carriers of some substance. Besides being fabulous for Diana and Nordic American -- especially the latter, which has loaded up on ships during this period -- we are now seeing a resurgence in world commerce that can only be good news for the earnings of companies worldwide. It now appears that the summer months, which were awful months for shipping, have marked the bottom of the cycle. Further, the rates are not...

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