AG EDWARDS TAKES OUT THE KNIFE AND CUTS!

6 IN A ROW FOR MLPS...WILL TODAY BE 7?

A.G. Edwards is downgrading 3 MLPS this morning and they have a good record at timing downgrades. They cut E V Partners (EVEP), Magellan Midstream (MMP) and Teppco (TPP) all from buy to hold. Oddly enough someone took 2000 shares of Teppco at 2 bucks above yesterday's close! I wonder whether the buyer got the news backwards! All three stocks have had great runs and some money should come out today.

MLPS made it 6 in a row yesterday and we'll see if today makes 7. Nothing out there other than these 3 downgrades to drag the group so we'll bet on another up close. But we got to get a down day sometime.

Crude a littlehigher this morning as is nat gas and gasoline. Stock futures are firm as we head into the open.

Finishing up my taxes this morning so i will post when i can.