Dow down 129...energy stocks as a whole lower...and MLPS are higher as the index is at 273.50 and up 34 ticks! Nice to see a firm note to things. in here.

Constellation Energy Partners (CEP) is down another 40 cents at 13.60 and at that price is yielding a whopping 16+%. Either the market is telling us that this is the steal of a lifetime...or...the market is pricing in a distribution cut. I vote for the latter. Even though the company has already asked the board to approve a third quarter distribution at the same rate....the market isn't this inefficent or this stupid. It doesn't help that the parent company put its stake on the block yesterday at what will be firesale prices for them. They might as well cut the distribution and get it over with so we can send this down into the single digits.

You can tell i'm pissed off.