Lunchtime and there are many x-distributions that are impacting the MLP index which is down 70 cents after being down nearly 1.80 at one point. But allowing for that MLPS are higher and some sharply so. Teppco which is ex-distribution by 68 cents is up nearly 1 buck so yesterday's after market buyers were on to something. Markwest Energy has been on fire and is up another 55 cents. Buckeye Holdings raised its dividend and the stock is back to 16 bucks. Buckeye Partners meanwhile came out with earnings that were 3 cents shy but they boosted the distribution again.

Mutual Funds are closing the books for the year and they have to do it by Tuesday. So yesterday was last day for settlement on 10/31. Some volitility seems likely over the next few days as some of these get moved around.