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Tuesday, September 18, 2007

Fed cuts funds and discount rate both by 50...markets are soaring. Dow up 250. The MLP index is now up 3. Losers list has thinned considerably. We have been rescued.

1 comment:

Anonymous said...

I was guessing that the bigger than expected rate cut and notes by the CNBC talking heads that "it has never been one [cut] and out" would spur the MLP sector more than it has.

I was also betting that the bigger than expected cut would suggest to some that the economy is expected to do relatively poorly in the next 18 months. Thus, shouldn't MLP's be in "Favor", especially at these valuations?

What am I missing?