Wednesday, May 31, 2006
Lunch time and we've been rallying again in the MLP group along with the rest of the tape. But 2pm and the fed minutes will tell the tale today so in the meantime yesterday's MLP gains being extended. Most gains are fractional in nature and nothing is news driven. Enbridge got a boost from Sir Kramer last night and the stock is higher as he equates it to the next Kinder Morgan (KMI). Crosstex (XTXI) is down on profit taking as it has made quite a run in the last 2 weeks while the market has been dropping.
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