Questions on shipping and transportation indexes

[Vanraw]

The best months of the year are always Sept to November. You won't know how bad we are still off until late December and January. Either way over all this year should remain at negative growth for the year. Those numbers look very much like our own. We are operating at 2003 levels so if we start out January at very comparible numbers to 2009 then we have more of the same to look forward to for 2010.


Vllad

I think this is a great point. The fact of the matter is that this bubble burst (like others before it), is a correction to reality. I would hope that that correction isn't all the way down to 2003 levels, but it might be. So much of our economic growth in the last 10 to 15 years was based on invalid expectations of growth stimulated by the 2 bubbles (Internet and then housing).

If you draw a line trend line prior to the internet bubble, and extend it to 2009, the market is still over priced.