Well they threw em out the window this morning at the open. The MLP index is down 11 points and below the intraday August low. Every single MLP and GP is down which makes this easy.


The question here for both charts...is it the climax?



We'll know later today but it seems like we are trying to bottom in here in my view. You ahve multiple point declines in a number of issues. Remember folks the yield rubber band is stretched to the breaking point. None on of the declines we're seeing is news driven, Not a single MLP is dropping on corporate developements.