Up half a point on the MLP index and off the highs of the day when we were (are you sitting down for this?) up a whole point! WOW!
Excuse me while i remain completely underwhelmed and head out to do pre Chirstmas stuff. I will check in later just for laughs!
I usually get very punchy after long stretches like this...and it comes close to a bottom when i don't want to watch anymore.
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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5 comments:
The market is dominated by very short term traders. The MLP asset class is primarily an instrument dedicated to long term investing. I think we need to take a step back and review the industry and it's prospects. I think the future is bright and there are alot of well run MLP's yielding 300-400 bps over treasuries. I think there is value there and acting accordingly.
DS
ANYONE FOLLOW TLP? WHY DOES IT LOSE 3% EVeRYDAY? ANY OPINIONS OUT THERE?
Has anyone been following OSP (recent IPO)? any ideas / opinions on the sell off?
Anybody out there??? Or is everyone hiding in the MLP bunker?
i have 4 mpls and 4 bunkers
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