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Thursday, June 29, 2006

Good Thursday morning.
Its all about the fed today so after the open i imagine we'll just trade sideways before the 25 basis point increase. Then its end of quarter pressures for tomorrow, the russell rebalancing and then the long holiday weekend. No corporate news that i could find and no upgrades or downgrades....although there are some upgrades today of the more popular energy stocks. MLPS were mostly lower yesterday so we'll see what today brings. Teppco priced its 5.5 million offering at 35.50 a share. Meanwhile Markwest's offering has been out there since last Friday afternoon. Maybe they'll get around to letting us know the price here...perhaps sometime before the decade is out. The investor relations department here is absolutely useless.

I am working again this morning so i'll have a more comprehensive post when i get home in a few hours.

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