God bless "chart" who has diligently compiled this spectacular chart on three of the better performing MLPS and the ten year yield. Here are his observations:

There is a clear short term reaction to interest rate movement, or likely talk about it in the news, but, MLP's just keep on trucking along over a longer period.

One might be wise to watch the 10 year and buy MLP's when the interest rate cycle nears a peak in it's up/down cycles. However, if one keeps their cash in low interest while waiting, they might just get left behind.

The chart only shows unit price appreciation, not counting distributions. Since this is about 2 1/2 years you could add another ~16% in distributions to the MLP gains.

I agree completely. Traders might be wise to perhaps to use short term reactions to move in and out of some positions...but core position builders who are buy and hold types can see that the down moves have been hic-cups that continue to be resolved with higher highs...and higher lows....plus distribution. You certainly could have done alot worse!!!! Judging by the action of the last 2 weeks i would argue that MLPS have already digested the interest rate increases...So unless the fed goes off the wall and we head for 5.50 or 6 on the 10 year; we should be in pretty good shape.