We rallied up 1 at the open...then pulled back lower as the market sold off and now we're flat on the MLP index. Inergy Holdings (NRGP) and Inergy LP (NRGY) are both up over 1 point each as they continue to react to good earnings. Copano (CPNO) adding another fraction and at a new all time high. Global (GLP) Regency (RGNC) and Genesis LP (GEL) are all ahead by fractions.

The losers list is a little longer than the winners list. Hiland (HLND) and Hiland GP (HPGP) are both 1 point losers right now as the conference call did nothing to move the stock out of its hole. Linn Energy (LINN), Suburban Propane (SPH) and a few others are also losing major fractions.

Coming into the afternoon as Europe closes so lets see if the market stablizes or heads lower and pulls everything with it.