Tuesday, September 09, 2008
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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.
1 comment:
Lots of great stocks are being sold off as well.
Nue at annual low 42.40 -9%+
FCX at annual low 66.70 -7.5%'
CBI at annual low 23.56 -6.4%
I think that the market has finally realized that we're in a recession at best, looking down into at edge of the abyss.
Throw in a fear of redemptions by hedge funds, Lehman ( not to mention wamu ) on the verge of colapse, the bailout of Freddie and Fannie ( foolishly without bailing out the preferreds ( held by banks ), uncertainty over the election, and tax selling,... means fear trumps greed.
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