Baltic Dry Index Down 20% in 5 Days

when the Baltic Dry Index was 'surging' (from a historical rock bottom low) - jumping from scary awful to just awful we were told it was clearly signaling the globe would be recovering. CNBC would run reports every 2 hours about how the recovery was being signaled and how mustard seeds were in the air. However, when the inverse happens (a 20% drop in said index in 5 days) the 'fair and balanced' pom pom channel does not seem to be reporting about this ketchup seed. Instead I hear: crickets chirping.

'Thesis Trading' Ignores the Data -- Seeking Alpha