One of the tell-tale signs that a stock has bottommed is how it reacts to downgrades. In other words...when a major house downgrades a stock...does it go down on the news or does it do the opposite. Today Deutche Banc Securities downgraded Valero to a hold from a buy...they had upgraded the stock to a buy on December 19th 2005. The price of the stock is roughly the same today as it was on 12/19. Also note today's reaction. After a down open of 65 cents the stock is essentially flat. Good sign IMHO.

Atlas Pipeline got a little traction and the stock is up 44 cents on good earnings. Not much else happening today.

Oh somehow i missed this story on Enterprise Products Partners and an offering of 15 million units. Some stories are hitting some news wire sources and not others. Must be the snow!