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Clutching at straws

Earnings are terrible and unlikely to get beyond breakeven all year despite some suggesting we’re at the start of a rally

Is the trend your friend? Or is it simply the straw you reach for when all other arguments fail. For dry bulk, sentiment seems to be everyone’s best friend right now. For five days in a row last week, capesize freight rates went up. Some morons may even argue earnings have jumped by more than 100% in a just a week. And Jared Kushner is likely to claim that Operation Warp Speed is showing its true potential by delivering a vaccine to cure the dry bulk market faster than even Fox News pundits wou...

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