Baltic Dry Index is Shouting Warning, But Are Stock Market Investors Listening?

"Jack Barnes writes: Back in May 2008, when global investors still expected economic growth to continue, a thinly followed index began to broadcast a "red-alert" warning to those few who were watching.

The index proceeded to drop by more than 90% in the next six months.
Had you been watching - and heeded its warning - this index would have saved you from the fallout of the biggest financial crisis since the Great Depression.
 
And here's the thing. This index is updated five days a week and is readily available to anyone who wants to track it.

The index in question is called the "Baltic Dry Index," or BDI, and it once again merits a closer look: After peaking in May, the BDI has fallen for 35 straight days."