OH BOY EVEN CRAMER LIKES MLPS!

Okay we are getting attention! CNBC at 9:40am had an interview on with an anal-ist on dividend stocks and they spent a lot of time on MLPS. Cramer joined into the act and it pretty much became a cheering endorsement for the entire group. There was a good explaination of the yen carry trade and how many hedge funds were using it in conjunction with MLPS. They screamed how undervalued the group is...etc etc etc. The link is above but be advised that the CNBC web site has been having some issues this morning.

We opened lower with the market but then buyers arrived and the index is up 1.43 and over 300. In fact it has been adding to gains since the open. Lots of fractional winners this morning. Breitburn (BBEP) got 2 upgrades this morning from Wachovia which went to outperform and AG Edwards which went to buy from hold. Stock is up a fraction and over 33. Losers confined to yesterday's bigger winners like Penn Virginia Holdings (PVG) and Natural Resource Partners (NRP). Natural Gas is up sharply so that 5.21 bottom from Monday makes a triple bottom and i think we've seen the lows there. Oil straddling 80 with some profit taking. The dow opened down but has rallied back to almost dead even.