adbrite ads

Your Ad Here
Your Ad Here

tickers

$IN

amazon

Monday, July 28, 2008

Art Cashin on CNBC who has been around for many bottoms played out a scenario last week where we would be down hard Thursday (-283) followed by a mediocre Friday (+21)..then down hard today and a capitulation reversal tomorrow. So far its playing according to plan.

Meanwhile the mlp index is up 3 points on the day. Go figure. Somebody ring a bell?

Or maybe this Reuters story over the weekend is a sign of a bottom in mlps. Its not often you see a story where they tell you to stay away!

2 comments:

Anonymous said...

that article was just complete and utter shit. what the hell does some ivory tower professor from dartmouth know about reality? give me a break...

this semgroup thing is getting way overdone. had semgroup stuck to its business plan, rather than deciding to become massive oil speculators, they would never have had to file chap 11.

saying mlp's should be avoided due to the lack of a proxy vote by shareholders is just ignorant. do shareholders truly believe that boards of directors act in their best interests in any company whether its an MLP or any otther public corporate structure?

joewxman said...

amen brother. The article reeked imho.