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Monday, March 31, 2008

301.13 to 272.72


Down over 28 points for the quarter or just a shade under 10%. That is what the MLP index did for the quarter. And of course the losses among many individual issues is far worse. The low of the quarter was 262. So now we are at the last day of these horrible 3 months so there should be all kinds of end of quarter nonsense today. Beware of odd moves that could occur in both directions.

Targa Resources (NGLS) chooses today to bring quarterly earnings out on the table. All kinds of distortions here due to purchases. No other headlines and so far no upgrades or downgrades.

Back from vacation so its back to normal blogging. Also got to get my taxes done.

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