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Thursday, June 07, 2007

Dow down 100 points...Utilities down 12 or 2+%. MLPS have upticked slightly off their lows of the day. No MLPs are up...they are all down. 12 mlps are down 1 point or more...28 others are down between 50 cents and 1 dollar. A real mess out there. 5.11% on the 10 year and soaring today. Oil and gas are up but the story today is rising rates..falling equities.

2 comments:

Anonymous said...

Joe - thanks for your posts. Despite all of the red on my screen, your comments are appreciated. You definitely saw the trend coming! I think patience wins out here...no selling from this MLPer.

joewxman said...

thanks for reading! Now lets hope this correction doesn't get too out of hand.