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Tuesday, September 16, 2008

Down 13 points on the mlp index which takes us well over 100 points off the all time high with a 33% ish decline. Did you ever think you would ever see anything quite like this?

The action has become so hideously pushed to the point beyond a climax. So a V bounce rally could or better come soon.

2 comments:

Anonymous said...

This is just ridiculous. NS -7.5% today and they announced just two weeks ago that they are going to blow the doors off the estimates. What the f*ck is going on?

I know the market is bad, but the MLPs are exceptionally poor performers.

The dot com pieces of shit didn't even fall apart as badly as some of these things.

We didn't buy MLPs to make a fortune, we bought them for yield and now we have all lost a fortune. The complete washout of this sector is disgusting to witness.

Anonymous said...

It is going to take us years to recover from the carnage in the market. This is just a total failure of capitalism. The regulators allowed things to get way out of hand and now we are going to pay a steep price. Sellers don't give a damn about price, they are only concerned with survival.