MASTER LIMITED PARTNERSHIPS

Monday, September 08, 2008

MLP index about to go negative here. I have that feeling of doom!

5 comments:

Anonymous said...: Are you surprised? The MLPs have done nothing to engender confidence for the last year. Why assume they'll rally now?

The country is fiscal wreck.; 9/08/2008 11:50 AM
Anonymous said...: Who are these assh*les who buy the open?

stock open now
WPZ 32.00 30.70
APL 32.82 31.50
ETP 43.58 42.35
BPL 43.04 41.90

What is the point of buying the open when every mlp rally fails?; 9/08/2008 11:53 AM
Anonymous said...: Those opening trades almost always take place on the Pacific Exchange or the unlisted NASDAQ. There are people who buy on the open, probably at the behest of their broker. In thin markets, they pay a high price for doing so, but it costs us nothing and enriches the market makers. If it bothers you, sell on the open.

steve; 9/08/2008 12:02 PM
Anonymous said...: That thud you're hearing is a dead cat bouncing. It's amazing how euphoric the markets are at the spectacle of our government spending money it doesn't have. But, hey, a good printing press, lots of ink, and a creative imagination is all it takes to run the FED and the Treasury these days. As an 'entitled' species, we make sure our government is plum full of people who can feed our habits.

The good news is that in time we'll all have lots more money. The bad news is I think I saw a picture recently of Obama reading a copy of The Autobiography of Robert Mugabe.

Lee; 9/08/2008 12:08 PM
Anonymous said...: No, I think that was Ms. Sarah reading Jimmy Swagart...or was it Tammy Faye? Nah. Couldn't be, could it?; 9/08/2008 1:01 PM

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