What was particularly amazing about this morning was that it took about 10 trading days to wipe out all the gains of the last 10 months. The low on the MLP index was 281.20 and we've been rallying back furiously since we hit this around 10:30 this morning....now back to 296 and change with 30 minutes to go. MLPS are well off their astounding lows of this morning. At one point this morning Atlas Pipeline Partners (APL) was down to 42.62 and the yield spiked to 8.62% or almost 4 points over the 10 year. So we've seen the yield spread adjustment perhaps finally reach its peak this morning. Also this morning illistrates what happens when hedge funds hold your stocks which are not very liquid and everybody ran to the exits at the same time. Energy Transfer Partners (ETP) and Hiland LP (HLND) were down an astounding 10 points this morning!

Anyway just got back from horseback riding and am heading to the lake for a swim.