CROSSTEX EARNINGS...SAYS DISTRIBUTION GROWTH MAY SLOW TEMPORARILY.

MLPS RIGHT BACK NEAR ALL TIME HIGHS

ACTIVE INSIDERS BUYING SHARES

While the overall market went back and forth yesterday in a 100 point range and closed well off its highs...and oil and energy stocks actually closed lower on the day, MLPS moved higher and finished just a few ticks from the high of the day and made up just about everything they lost on Tuesday( which was far less than the rest of the market). Yesterday's market bounce was anemic at best and stocks are starting the day weaker. If we are beginning a slow grinding sell off remember we are one of the defensive bond proxies that money will flow to. I see no reason to back off from a bullish position. In fact drama in the overall market will lead to 1 point or more swings in MLPS and laying orders a dollar or so under the market can lead to scooping up bargains.

Crosstex Energy (XTEX,XTXI) is out with earnings this morning and there are all kinds of distortions. The company did say it sees distribution growth slowing temporarily in 2007 and has suggested a distribution range for XTEX between 2.24 and 2.34 a share. At 56 cents right now we're at 2.24...so i guess by q 4 we'll be near .585 a share. The company trades at a 6% yield as of yesterdays close. For the GP XTXI the dividend is 88 cents right now and it sees the dividend between 88 cents and 98 cents in 2007.

Just want to point out that there has been some insider buying recently at Enterprise Products Partners(EPD) and 2 insiders have bought shares in Teppco (TPP). Also insiders have been actively buying Martin Midstream Partners (MMLP) for several months now.

Magellan Midstream (MMP) has audited its 2006 earnings and has issued a filing about this. The change is due to an accounting change. And for you options lovers the CBOE begins trading options this morning on Valero Holdings (VEH).

Nothing in upgrades or downgrades this morning. Stock futures are down 115 points on the DOW so it looks like we're headed back down to Tuesday's low and if you ask me i think we take it out and go lower. Again watch for any flight to quality and use patience to your advantage. Crude oil is a little higher this morning...nat gas a little lower.