MASTER LIMITED PARTNERSHIPS

Wednesday, September 03, 2008

Losses accelerating in MLP land with the index down now 3.50 and at the days lows. The big boys continue to get hit harder than the smaller fry and there are still some gainers on the list this afternoon.

4 comments:

Anonymous said...: Seems like there are 1,000,000 reasons to sell MLPs and 0 reasons to buy!; 9/03/2008 2:55 PM
Anonymous said...: Wall Street Is Presaging an Obama Surge

By Jim Cramer
RealMoney.com Columnist
9/3/2008 2:44 PM EDT

Maybe this market's figuring a total implosion of the Republicans and the McCain candidacy. What's working? Housing, which is an industry that the Democrats have pushed hard to protect homeowners. How about retail? Obama stands for cutting taxes for all but the rich, so that means more spending. Could those two groups be forecasting a big win for Obama?

Now, what's getting killed? Coal. I think coal's dead as a doornail under Obama. I can't imagine any utility management in its right mind building anything coal right now. That could be part of the endless decline in McDermott (MDR), too, a coal play for certain. The fact that China's absent from the scene shows you what the domestic demand situation for coal could be like under Obama. Awful.

Utilities? Slaughtered. Obama doesn't set rates for utilities, obviously, but perhaps a total collapse of the Republicans because of the top ticket might spell disaster for the utes.

Somehow the anticipated coronation of Obama, perhaps because of the veep, is getting factored into this market. That's making it ugly for lots of key groups, and we are feeling it for certain.; 9/03/2008 2:58 PM
Anonymous said...: TPP going for -5% today.

Wonderful...

My experience investing in MLP's has been a total disaster so far.; 9/03/2008 3:00 PM
Anonymous said...: There is so much overhang in the MLP market. There always seems to be an abundance of sellers and large buyers are scarce. Until that imbalance in rectified we will live in this investment hell.; 9/03/2008 3:02 PM