MASTER LIMITED PARTNERSHIPS

Monday, September 15, 2008

Its AIG all the time now as we wait to see what happens. The dow down 275. MLP index down 6.80.

I think the last hour will tell us. If the overall market takes out the days lows it could be disaster. If we can somehow hold above the days lows and we get a catylist then there is still time to bring this back.

Paulson about to pontificate.

7 comments:

Anonymous said...: We need to monitor corporate bond spreads. Investment grade credits are +350 over UST. All things being equal if you can buy Exxon debt at 7.00% or an MLP at 8.00%, I think investors will choose Exxon.

This is one reason that GP yields are blowing out, nobody wants GP's paying 6.00% now.

The only thing to do now is sit and clip coupon, it's way too dangerous to be involved.; 9/15/2008 1:53 PM
Anonymous said...: Paulson is a confidence destroyer.; 9/15/2008 1:53 PM
Anonymous said...: Cramer losing it...

Jim Cramer
AIG
9/15/2008 1:35 PM EDT

You know i try to find the silver lining You know that i like to look at what can go right. You know i didnt care that Lehman went under with no help from the government, BUT I WANT TO MAKE THINGS VERY CLEAR, THIS MARKET CANNOT HANDLE THE COLLAPSE OF AIG. I BELIEVE WE COULD HAVE A WORLDWIDE CRASH IS AIG IS NOT FIXED. THAT'S RIGHT, A WORLDWIDE CRASH.; 9/15/2008 1:56 PM
Anonymous said...: I didn't have a position in Lehman, but it is clear to me that Lehman not being sold even in a takeunder has stressed the system.
Stressing AIG + others because of their CDS exposure to Lehman bonds.

Meanwhile Mayor Bloomberg has spoke obliquely against short selling.; 9/15/2008 2:04 PM
Anonymous said...: I have no problem with short selling. Its the naked short selling that violates the law. The SEC should enforce the damn law thats on the books. Borrow BEFORE you short.

Also bring back the uptick rule.; 9/15/2008 2:07 PM
Anonymous said...: We are just experiencing spreads blowing out. Assets have all become riskier, thus you need to get paid more to hold them. There is nothing wrong with MLP's.; 9/15/2008 2:09 PM
Anonymous said...: I use mlp research from Lehman. Is this still going to be available ?; 9/15/2008 2:19 PM