EARNINGS FROM ENTERPRISE

CRUDE AT 77 DOLLARS

Some news this morning as we have earnigns results from Enterprise Products Partners (EPD) and also earnings from Duncan Partners. Numbers look good for both. Dan Duncan as we know has a hand in both. Also we have a stronger energy complex this morning as crude oil sits just under 77 dollars which is 4 dollars above where we were at this time yesterday.Even Natural gas found a floor yesterday at 5.75 and is sitting up 4 cents at 5.97. So we have a strong backdrop in energy. The 10 year this morning is sitting at 4.89% which is positive for us. Stock futures are lower this morning.


Nothing on the upgrade downgrade list but it is very early in the morning. I am heading to the beach this morning so I will be posting breaking headlines until 8am eastern time and then i'll be back aound lunchtime. Meanwhile John Edwards wants to raise capital gains taxes. Why don't democrats just come out for a complete confisciatory tax system and be done with it?

Meanwhile its Summer in Saratoga and my favorite horse Street Sense is running Sunday in the Jim Dandy as a prep to the Travers. 4 stakes races today on the card. Time to make money!