UPGRADES UPGRADES UPGRADES!!!

I've been wondering when this was going to happen...that is...when mlp and gp prices got so low that the brokerage houses would be falling all over themselves and upgrade stocks in here. Well maybe today is the day. JP Morgan is upgrading Kinder Morgan Partners (KMP) to overweight from neutral. Kinder has been the best performing MLP since August as it sits just under a 52 week high. And Wachovia moves Atlas Pipeline Holdings (AHD) Nustar (NS) and Nustar Holdings (NSH) to outperforom from market perform. The Nustar and Kinder upgrades will have impact on the MLP index as they have big weightings.

News leftover from last night. If holders were nervous about E V Partners (EVEP) and their pre-announced distribution you need not be nervous any longer as they said 60 cents...and it is 60 cents. So now we wait for Linn Energy (LINE) which ought to come today.

We were in a tight trading range yesterday and we saw a slightly higher close in the MLP index. Today of course its all about the fed and whether we see 25 or 50 or (God forbid) no cut. Of course if the market tanks...you can expect to see selling here as well. But the day is young and there are always surprises lurking.