MLP's FINISHING FIRST WEEK

LOOKS LIKE A WINNER

Headwinds this morning from the hideous employment numbers (or lack thereof) which puts us in the face of a market headwind but i did notice that some of the more defensive issues this morning are higher which may (i want to emphasize may) put a bid under us. It does put a 50 basis point rate cut on the table again and the 10 year has dropped to a 3.82 yield. So we wait for the open. Crude oil at 99 bucks this morning and flat so my guess is another assault at 100 bucks at some point. Natural gas is lower this morning as the northeast goes out of the ice box today and heads into a seasonal blowtorch early next week with temps in the 60s.

No news this morning and no upgrades or downgrades. So lets bring on the open for what should be an interesting Friday.