ONE DOWN DAY WAS ENOUGH..

MLPS MOVE HIGHER.

SOMEBODY IS SELLING ENTERPRISE SHARES

AND ATLAS PIPELINE ISN'T APPLE COMPUTER!

The MLP index closed higher yesterday after a one day so-called sell-off but the index is being dragged down by Enterprise Products Partners (EPD) which is down over 1 dollar in the pre market this morning as a unit of Shell Oil and & Gas is pricing a big offering of its shares. Enterprise has a 15% weighting in the MLP index so its going to distort it again today. Also doing a smaller offering of debt is Magellan Midstream Partners (MMP) which was down yesterday when the news came out in late afternoon.

PPI was tame and the markets have reacted positively in the futures so it looks like the overall market will open higher. The energy complex is higher this morning. A major nor'easter is forecast for the northeast this weekend. It remains pretty cold in these parts and that has put some upside pressure in the complex. Gasoline is at 2.20 in the futures so 3 bucks a gallon is a conclusion. The upgrade downgrade list is empty this morning, at least so far.

Finally here is a lesson in stupidity and on why Atlas Pipeline Partners (APL) is not Apple Computer (AAPL). In after hours trading yesterday 1000 shares of APL traded at 89 and change...up 38 dollars from yesterday afternoon's close. NO Atlas Pipeline did not announce it will moving ipods through its pipes...There have been occasional posts on the yahoo message board for APL where the poster thinks its AAPL. So i am guessing here that somebody bought APL thinking it was AAPL...the importance of that extra A. Wait until this morning when they see their account value down by 38k!