Ton Mile Trader

Dear Ton Mile Trader:
The article was lacking detail, but still interesting. He's essentially arguing that the volume of contracts is much higher for the handy's and therefore the handy's are a less volatile indicator of the industry. Due to the high volatility of capes, it can be hard to spot intermediate to long term trends. Mathematically, it seems it would provide better forecasts if the two were perfectly correlated over the long term, but have major disparity in the short term. I don't know if it actually works or not, but his example made one solid case.
Regards,
Arlo

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Fair point indeed.  I guess my main point wasn't that I disagreed as much as that I would have preferred more detail.  And - should the uptrend maintain itself for some time - then - it would appear the author made a good call.