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Wednesday, September 03, 2008

Down 4 points on the MLP index as 267 looms. 10 mlps are down 1 point or more and Alliance Resource (ARLP) is down over 3. Anything having anything to do with coal is getting hammered both mlp and non mlp.

I don't want to say this too loudly but Constellation Energy Partners (CEP) is getting back almost all that it lost yesterday. I guess a 12 handle and a 2.24 distirbution and an 18% yield was just a little too extreme?

2 comments:

Anonymous said...

The MLP rally has failed miserably.
What it takes us weeks to gain is easily lost in one trading session.

This blows.

Anonymous said...

This isn't a real market. Prices move on nothing. It's a fraud.