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Tuesday, June 03, 2008

Getting back to the 297 level up 1 and some change on MLPs thanks to a nat gas rally of nearly 3% which is offsetting the 2 dollar decline in crude which is under 126 again. Most of the moves today are fractional in nature both up and down. No extremes on either side. Looks like most of the MLP major components are up today boosting the index.

Dow now down on the day. We'll see what the afternoon brings for us but 300 is a lot closer right now than 290.

3 comments:

Anonymous said...

I am anxious to see what happens when (if) we crack through the 300 level.

Anonymous said...

Does anyone know why MGG got pounded today (down over 4%)? I can't find any news to explain it.

Thanks,
Bruce

joewxman said...

couldn't find anything on MGG