One of your odd days. If you said to me this morning the dow would be down 240, energy stocks would be down as a group, and mlps would be up nicely...i would have given you directions to the nearest clinic. Did everyone wake up this morning and saw 10% plus yields as we go ex-distribution in the next few days? Actually i was happy to see mlps hold their gains in the last hour while the rest of the tape sagged into the close.

Now if the Art Cashin scenario plays and we see a capitulation bottom and reversal tomorrow, is it concieveable that MLPS will be among the market leaders? Need to see a close above 271 tomorrow to make that a reality. For now watching but keep a close watch if this is the beginnings of something more important.