adbrite ads

Your Ad Here
Your Ad Here

tickers

$IN

amazon

Tuesday, July 01, 2008

You've got to love Goldman Sachs downgrading the refiners this morning on...are you ready for this folks...lower margins. Next thing you know Goldman will tell people its time to sell the banks!

Free fall to down 140 on the the dow as now we have Potash down 12 and the last group up today which was big energy finally turn down. MLP index down 2.02 and near the lows of the day. Now the next thing to watch for is if the stock market selling begins to spread to all other markets including oil. If it gets real ugly this afternoon that's just what may happen. And that may be the signal for the beginning of the final capitualtion..however long that takes.

3 comments:

Anonymous said...

Infrastruture plays such as MIC and MGU have the same chart patterns as MLP's. It is a sell anything which may need capital ever again market.

Anonymous said...

Wholesale destruction of the entire sector the last few weeks. Granted the S&P is a mess, but this is painful. Buy-and-Hold just doesnt work anymore unless you have very deep pockets.

Anonymous said...

BPL yielding over 9% on next years distro. What the hell is going on here?

Fed Up