STRONG PERFORMANCE YESTERDAY

LETS SHOOT FOR 4 IN A ROW

Closed up nicely yesterday and what was particularly encouraging was that some of the decimated laggards like Linn Energy (EROC) and Constellation Partners (CEP) to name a couple made nice moves higher. So the MLP index chart continues a repair job off the damage done when we hit 262.00

Linn Energy (LINE) looks like it has put in a double bottom and now needs to move back above 24 for it to have some real meaning. More importantly is if we see followthrough today on Linn, Constellation, Eagle Rock, EV Partners and a few others it may mark the end of the hedge fund unwind and lend support that we had a portfolio blowout of mlps the week before Easter.

Also the issues mentioned are heavily held by Lehman Brothers and if the brokerage house was in trouble a few weeks ago when Bear Stearns went to pieces it might have added extra pressure which has now come off.

This morning is quiet on the news front and we have no upgrades or downgrades so far. Oil is down a buck after being up nearly 4 yesterday. Nat gas is up a few pennies ahead of nat gas numbers.

Finally this morning i went i and eliminated all offensive ads by hand...one by one. Now if i missed any let me know but the banner with the girls on it for the personals web site should no longer appear. If something slipped through the cracks please let me know.