DOLLAR SCREAMS HIGHER

OIL DOWN AT THIS MOMENT

AND I'M GOING TO THE RACETRACK

Its Friday and sunset racing at Belmont with post time at 3pm. So my vbf Stevie Applebee and I will head for the track to try and make some money. Meanwhile this morning a slightly hot CPI but the market i guess was looking for worse. Also of course food and energy don't count because so few of us eat or drive. The dollar is sharply higher again and that has put some pressure (i'm trying not to laugh here) oil which is down a dollar right now. MLPS were down yesterday to 288 on the index so its below 290 again. This time around the selling seems to be hitting mlps that were not hit as hard in March. Still pressure is pressure and the stronger stock market will give us an opening boost .

News this morning on Western Gas Partners (WES) which is a relatively new issue and it posts earnigns for the first time. No news on US Shipping (USS) which is running out of ticks here with the mlp down to 2.69 after losing another point and change yesterday. If you can't pay the distribution then your sharelholders say goodbye!

No upgrades or downgrades this morning. Back to the CPI; Rick Santelli on CNBC said about stripping out food an energy...my daughter would like her grade point average ex algebra! He is probably the best on CNBC.