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Tuesday, August 07, 2007

TUESDAY AFTER THE DISASTER!
THE BOUNCE SHOULD CONTINUE

Hopefully a good night sleep and some liquor got you through the collapse open of yesterday. MLPS did manage to rally back from 281 to 296 but still left about 12 points on the table. The 300 point dow rally should spread out to MLPS today at least at the start and then we wait to see what the fed says. They better say something to keep the rally going or there could be a real mess on our hands. No corporate developements that I could find this morning and no upgrades or downgrades so far.

Whitewater rafting and a little lake action today as the vacation continues. Fingers crossed for an up day.

6 comments:

Anonymous said...

"regular" stocks in this situation I would be worried about...but MLPS with cash flow don't seem to get me too worked up...we'll be back and I wasn't planning on selling anytime soon. Just collecting distributions...

joewxman said...

a wise perspective. Too bad i had no spare cash around yesterday to pick up huge bargains.

Unknown said...

KGS began trading today.

Anonymous said...

I almost wonder if this we a play by brokerage firms interested in taking a larger position in MLPS.

I mean, at some point they've got to get fully engaged on the retail side.

Anonymous said...

post 11, mile 1 and 1 steenth on the turf at mommouth:you could be have'n a real bad week.That post is death at that distance. Only 10 to one ML though.Your horse must have impressed the track handicapper. Good luck tomorrow

joewxman said...

lol...yeah...the deadly 11 hole on the Monmouth turf course...but he has ability IF he can overcome being hung out to dry!