Corrections are never fun and this chart is proof. The first chart compares 5 MLPS and their performance in the last 52 weeks. Note that in this subset that all 5 stocks are up with KMP and APL near the bottom and XTEX AND ETP at the top.




Notice that in the last 3 months Kinder Morgan has outperformed the other four with Crosstex down the most. So the biggest gainers year over year are experiencing the sharpest pullbacks in here while there is a flight to quality into KMP. It seems to be a grinding correction in here from the July highs.

Meanwhile most MLPS remaining slightly higher and off the morning highs. No news to speak of on any in the group.