MASTER LIMITED PARTNERSHIPS

Wednesday, October 03, 2007

292 just went...now at 291.90

4 comments:

Anonymous said...: Schumer saying he will introduce legislation to raise taxes on a broad range of partnerships (yes including mlp's) before next year. He says he knows it can be filibustered and Bush will likely veto but this seem to be his strategy. The Dems want to make the GOP veto lots of popular stuff. Health care for kids ... raising taxes on private equity .. etc. Lets face it, Dems are going to win and the MLP tax advantage is at a signifcant risk. This is where the selling is coming from in my humble opinion.; 10/03/2007 11:10 AM
Anonymous said...: No way they will change the tax structure on MLP's. Way too much money in these on Wall Street. Who do you think now runs this country now and sets economic policy?

Plus, if they change MLP's, they will lobby to change REIT's also and then you'd have really big problems. Bottom line is that Wall Street partnerships are untouchable now. Heck the Fed doesn't even monitor or care about the real economy anymore.; 10/03/2007 11:28 AM
Anonymous said...: I hope you're right but my gut and mlp price action tells me different.; 10/03/2007 11:37 AM
Anonymous said...: I'm not sure you can use price action across asset classes to determine anything anymore. This summer it looked like the entire financial world was going to collapse and four weeks later, we're making new highs in the indexes. There are simply too many overleveraged hedge funds, which has completely changed the dynamic of the markets and makes it very difficult to trust any price you see.; 10/03/2007 11:52 AM

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