You need to make sure you have a safe harbor for your money. Yes, I know it’s been a good year for the market, but what is supporting it? Take a look at the Baltic Dry Index. [expand title=”Click here to read more.”]It shows the cost of transporting bulk goods across the world’s oceans. It’s up 27% YTD as shown in the first chart, but down 93% compared to its May 2008 peak. How much of this year’s gain is thanks to the money printing by the Federal Reserve? $85 billion a month goes a long way to keep markets afloat. Hedge funds loved trading the BDI until the crash in 2008. It’s hard to believe that there’s much substance supporting this current run.

Baltic Exchange

Global Index Chart
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