MASTER LIMITED PARTNERSHIPS

Wednesday, July 16, 2008

We are following broad energy which is down 2 to 3%. We are six ticks above the low of the day and a handful above the 262.18 March low; all this while financials take the rest of the market higher in a reflex rally.

Glory!

4 comments:

Anonymous said...: Where the f*ck is the bottom on these things? A slew of MLP's down over 2% today. This is disgusting.; 7/16/2008 2:22 PM
Anonymous said...: Like my dad used to say, "It's always darkest just before everything goes completely black."

Nah! Come on, why do you think ANY sector could possibly be a lay up in this overstretched, overreached, twisted economy with Bennie and the Inkjets holding the joystick? I know this isn't what you want to hear, but time will eventually do it's magic in this sector... and in others. Think back to the gloomiest periods in your investing past. I'll bet you wish you'd had the nads to load the boat then. Right? Am I right?

So load up now.; 7/16/2008 2:39 PM
Anonymous said...: I have added to my ETP position in the last couple of days. Today, I bought some NS.

Yes, they may go down further--in which case I will buy some more. Long-term, IMO, MLPs represent a tremendous opportunity now.

Bruce (long ETP, MWE, ETE, MGG and NS); 7/16/2008 2:46 PM
Anonymous said...: Consumption of gasoline averaged 9.3 million barrels a day over the past four weeks, down 2.1 percent from the same period last year, the Energy Department supply report showed.

Is this the "demand destruction" everyone keeps crying about? YOY we are using 2.1% less gasoline?
Product pipes are dirt cheap here.; 7/16/2008 2:54 PM