One thing i have noticed over the last week or 2 is that with the exception of Linn Energy (LINE) Calumet (CLMT) and a few others that have been doing offerings, a lot of these MLPS are down on relatively low volume. Now down is down no matter which way you look at it but it seems that buyers have just gone elsewhere or to just cash. When these buyers come back remains to be seen but they certainly won't come back if the overall market is shakey.

Constellation Energy (CEP) is down another 2 points and is down now for 10 days in a row. Crosstex Energy (XTEX) opened up 1 and is now down 1 and change and under 33. US Shipping is down 99 cents and is now sitting at just above 10 dollars. Market betting on a distribution cut here judging by the mega yield of 15%.

Legacy (LGCY) is up 60 cents among the group of winners which are showing small fractional gains.