Since it is ugly chart day...take a look at this catastrophy. Calumet Specialty Products (CLMT) is down 15 out of the last 16 days! The selling here has been unrelenting since the company posted earnings and a warning that high crude prices continue to have impact. Also on the way down the company did an offering of shares providing more supply which only hurt it even more. You are in a catching a falling knife zone here.

Many MLP distributions arrive in accounts today so enjoy your cash. MLPS opened higher on the index and as has been the case recently...sold off and is now off but by only a small fraction. Hiland LP (HLND) is up 1. Amerigas (APU) Penn Virginia Holdings (PVG) and Penn Virginia Resources (PVR) are all up major fractions.

Calumet (CLMT) is down another buch and a quarter. Buckeye Partners (BPL) is down 1 and is the biggest loser. Constellation (CEP) Encore (ENP) Nustar (NS) Plains All American (PAA) among others..fractional losers.