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Tuesday, June 05, 2007

The MLP index rallied into the close and closed higher by 29 cents and over 333. So we are within striking distance of a new closing high. The group is shrugging off the interest rate rise for now which is really remarkable since it sold off on that last week down to 319 on the index. I think the deals in the group especially the Atlas deals are putting a bid under prices and i guess the feeling is that more deals are coming.

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