MASTER LIMITED PARTNERSHIPS

Friday, September 26, 2008

Here is the link to the Rick Santelli smack down. Good tv.

It took 41 minutes to give back all of yesterday's gain on the mlp index which is no surprise but the overall market is holding up well in here. Market reacting to every press conference...every headline. Oil down 3 dollars right now so energy stocks under pressure from the complex but again its all about the markets.

7 comments:

Anonymous said...: Listening to Reed and Dodd, we're screwed.

The Republican's in the house revolted last night, today Reed + Dodd inserted politics.

This has the potental to end up very badly.

HS; 9/26/2008 11:19 AM
Anonymous said...: I am a life-long Republican, I am very disappointed in the House GOP. The White House and the Senate GOP are trying to work with the Dems to get something passed quickly. The House Republicans are coming off as irresponsible, reckless idealogues.

And, of course, Dodd and Reed are making political hay with it.

Bruce; 9/26/2008 11:29 AM
Anonymous said...: Bruce I too am a life-long Republican, and I agree with what you wrote:

66 years ago there was a ditty written by Frank Hewlett that expresses the hoplessness of some Americans trying to do their best in a horrible situation, and the lack of forthcoming of any help from Uncle Sam.

HS
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"We're the Battling Bastards of Bataan,

No mama, no papa, no Uncle Sam,

No aunts, no uncles, no cousins, no nieces,

No pills, no planes, no artillery pieces,

And nobody gives a damn!"

by Frank Hewlett, 1942.; 9/26/2008 11:37 AM
Anonymous said...: I know that I'm posting a lot here, but one thing is becoming clear from the wamu takedown.

Preferred shareholders and corporate Bondholder's interests are being smacked down to zero.

Money markets not functioning, corporate bond markets not functioning, and preferred share markets not functioning.

What a mess.

HS; 9/26/2008 12:01 PM
Anonymous said...: HS:

Capital markets are not functioning. The stock market is liquid, so that where the sellers have migrated to. If you can't sell your bonds, cant sell your pfds, you have to sell your equities...that is what we have here-the last liquid market left.

This truly is a disaster. Shelby is an idiot also, don't forget about him.

Mr. Majestyk; 9/26/2008 12:32 PM
Anonymous said...: Two more banks in a death spiral:

WB -28%

NCC -46%

TODAY!; 9/26/2008 12:36 PM
Anonymous said...: " Shelby is an idiot also, don't forget about him."

Sadly, I agree.

Bruce; 9/26/2008 12:57 PM