lee1- Yes, I completely ignore analyst downgrades on individual stocks & sectors & to be completely honest, a downgrade on a stock that I am bullish on or an upgrade on a stock that I am short/bearish on actually gives me a sense of assurance on my position. That’s not to say that I go shorting a stock just because it gets upgraded or some analysts slaps a strong-buy on it, but simply that it has been my experience over the years that the majority of analysts are wrong most of the time & often tend to downgrade a stock or sector just before it moves higher.
Do you recall posting a downgrade on POT & MOS the day after I posted them as objective entries (buys) on the front page here: http://rightsideofthechart.com/mos-pot-growth-income-trade-re-entries/#comment-1314
Over the next 5 trading sessions, POT gained about 16% & MOS gained about 18%.

Randy, I guess you block out all noise and just focus on charts : April 21 JP Morgan Cautious On Shippers, Says Container Market Service Contract Negotiations Look Difficult, Sees Downward Pressure On Rates

Yes, shippers holding up nicely in spite of the broad markets selling off hard so far. Just an fyi that if things get really ugly, all ships are likely to drift lower in a falling tide.