POSTER POLL
Okay with everybody being pretty much hung out to dry a few of you have been posting about what you are doing through all of this mess. Well here is the link if you wish to add your never to be humble opinion to the list. You know things are bad if i'm posting on a Saturday. MLPS closed below their closing low although we are just 8 points above the intra-day low. In the context of the overall market it is getting to be climactic in here. MLPS are usually the last to get blown out of a portfolio and there was portfolio blowout on Friday with that 4 point loss. I saw 2 point gap downs on a number of issues. We would have been down far more than 4 had not Kinder Morgan (KMP) and Oneok LP (OKS) closed flat to slightly higher. We are always the last ones to get sold. The sitemeter is spiking with my daily readership over 700. In August it got to 1200 on the actual day of the spike low. Yield spreads are at ridiculous levels..averaging over 300 points and in some cases as high as 700+points from the 3.60% 10 year. And if you measure since December 21st we are down only fractionally...far far better than the overall market where everything is getting shot.
Just keep telling yourself...each day we're one day closer! Each day we're one day closer!
joseph cioffi's Source Page - Associated Content
2 comments:
If you look at the long term [5yr] upward trend line on the AMZ chart, does'nt it upear that the the long term upward trend has just been broken?
Joe,
I'm resigned at this point to hiding in the bunker and clipping coupon until the dust settles. I've added to a few positions over the last month or so. I do believe that the FOMC will continue to drive rates lower and eventually the 400+ bps spread over treasuries will attract investors to MLP's. We just don't seem to be at that point yet.
DS reporting from the bunker...
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