This morning we have a modest rally in Crude Oil as it heads back to 62 dollars. 10 year rates which yesterday collapsed to 4.648 percent are down again in European trading...hovering near 4.60%. If the tape of the stock market is beginnning to focus on a recession possibility look for MLPS to rally as high yields relative to the 10 year attract investors. During the 2000-2002 timeframe when stocks were imploding this group nearly doubled in value.
No corporate developements this morning and no upgrades or downgrades.

Oneok LP should see a nice pop higher this morning after boosting earnings estimates last night substantially. See last nights post below for more details.