NOT MUCH HAPPENING IN MLP LAND

Consider what is going one elsewhere. We have Thornburg Mortgage (TMA) imploding to insolvency, Ambak (ABK) will or won't make a deal with its banks, Carlyle Capital is in default and getting margin calls...and on and on and on. I guess we'll take a quiet morning. The massive deleveraging continues and it is painful. Yet the broad market in the face of all of this seems to be holding up in this area where some averages are near their January 2008 lows. The testing phase continues.

Oil is near 106 this morning...nat gas is near 10 dollars...stock futures are lower but not tragic yet..gold is near 1000 and oz and silver over 20 bucks. Isn't it a lovely world out there? No upgrades or downgrades and we have no corporate developemets so far this morning.

Sorry for the lack of posts yesterday but working late night early morning shifts tend to make me zombie like for the rest of the day. I'm in better shape this morning after a good night sleep.