2007

Calm Amidst the Tumult?

It’s been a crazy week. The credit crisis continued! But Abu Dhabi bailed out Citi. After being depressed for ages, the tanker market not only showed signs of life, it actually experienced a boomlet. And the dry bulk market coasts along showing no signs of abatement while the iron ore contract continues to be negotiated. Vessel prices remain high but hey what me worry. Someone will pay more for immediate delivery. The stock market “corrected” but then rose over 300 points, its largest gain in five years. Who would be crazy enough to try and get a deal done in this environment? Well, as you can see below quite a few and they may have found a window of opportunity. Would you rather be lucky or smart? In this case it may have been a fortuitous joining of both. Read on!

This is only an excerpt of The Week in Review – 11/28/2007

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