The Baltic Dry Index (BDI) on a tear. From 772 of January 5th to 911 today. Of course this is paltry when compared to the 11,793 level last seen in May 2008.
VIX has remained reasonably stable. The peak was 89.53 at the end of October, another high of 81.48 in November and a most recent low of 36.88 just prior to the new year. The index rise in the last two weeks has it encroaching on the 20 and 60 day EMA, and above the 200 day EMA - and intraday volatility has also increased somewhat.
CR's list of indicators continues to suggest optimism is in order (Credit Crisis Indicators: TED Spread Below 1.0 ).
We'll keep watching.
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