Good Afternoon...i've been slow on the take since i had to work an overnight shift and am a bit woosey...still the trading goes on. And that link between oil and bond prices continues/ both are down in price (yield sharply higher) which continues to pressure our MLP stocks. Markwest energy is down 1.42 but no news. Sunoco Logistics is up 53 cents...no news either.
The rest of the group showing fractional pluses and minuses. Buckeye Partners is soft again today. Its been going down since Merrill Lynch put a buy on it a few weeks ago.

If you think back to july i thought this group would correct and they did in the beginning of August on the first spike of the 10 year. I believe that correction has resumed or perhaps it just has continued...with Katrina being a one week contra-trend rally. I am guessing since we are now 1/2 past the last ex-dis dates we should bottom soon and start a rally back to new highs. The one caveat here is the 10 year yield and that it stays below 4.50.