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TheStreet.com's Jim Cramer says investors need to look at the longer time frame and see what drove rates higher to begin with -- world trade and a ship shortage.

Freakout on dry bulk ships! That's what happened yesterday. The hot money saw the break in the rates and skedaddled.

Should you?

Do you believe that rates are done going up? Do you know about secret ships that are being built or contracts being broken? Or revised down? Do you know what's falling apart?

Nothing.

Nothing at all.

Maybe that shouldn't matter. Maybe all that mattered were the stocks, and they are now "bad."

Continue reading Cramer on BloggingStocks: No reason to abandon dry bulk ships

Cramer on BloggingStocks: No reason to abandon dry bulk ships originally appeared on BloggingStocks on Wed, 31 Oct 2007 08:15:00 EST. Please see our terms for use of feeds.

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