What a horror show. MLPS down 5 points. 7 mlps were up and 2 of them were Hiland related (HLND,HPGP) 2 were Alliance related (ARLP,AHGP). Everything else took gas. The dow down 358 and at the lows of the day and the lowest close since 2006. The bear market just rolls on.

Will watch for after hours developements. Oil close up 5 dollars just shy of 140 and we did make a new print high today. Looks like we can forget the island reversal and brace for 150 or higher.

The fed should have raised rates yesterday. But we probably would have wound up in the same place somehow.