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a blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS and the day to day news related to the group...along with perhaps a few other things...as long as the conversation is kept civil. Although i have no problem telling you what i am doing regarding my trades...PLEASE DON'T ASK ME WHAT YOU SHOULD DO REGARDING WHETHER TO BUY, SELL OR SHORT!!! i am not in the stock business.
3 comments:
AMZ is almost -100 points from its high last August. That is an impressive move.
This is how F*cked up things have gotten in MLP land:
The PHLX Housing Index is -18% since last August.
The AMZ Index is -30% since last August.
Glory!
Not to be a pollyanna here, but thodays higher close was probally caused by futures buying in anticipation of the Lehman news when BAC was mentioned as in negotiation with LEH about 15 minutes before the close.
The Dow was flat to lower at that time.
MLPs were still in sell mode, and the buying didn't yet get to our sector. Maybe tomorrow if there is follow through with the broader market.
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