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Thursday, September 11, 2008

Market closes up 170+ on the dow. We close near the lows of the day. More pain coming tomorrow.

3 comments:

Anonymous said...

AMZ is almost -100 points from its high last August. That is an impressive move.

Anonymous said...

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!

Anonymous said...

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.