MASTER LIMITED PARTNERSHIPS

Monday, September 08, 2008

Now we know...4 yr old story about UAL filing for bankruptcy protection somehow made its way to the public from the Chicago Tribune. The story is false. That explains the markets implosion and then the bounce back to +200.

3 comments:

Anonymous said...: MLPs continue to get butt jammed...; 9/08/2008 11:29 AM
joewxman said...: they are following energy stocks which have turned lower. I think it is increasingly likely that we are going to breakdown below 257.

Boy i hope i'm wrong; 9/08/2008 11:36 AM
Anonymous said...: To a significant degree our short-term fate is tied to the housing markets and the credit markets. Frankly, I don't see either improving for quite a while (certainly, not until well into next year). Thus, I think the current rally in financials is a head fake and the ultimate lows are yet to come.

Having said that, I remain convinced that, regarding MLPs, the best strategy for those of us with some cash (a vanishing breed, alas) is to identify those MLPs that we wish to own (or own more of) and accumulate on dips. Down the road we will be glad we did and those who did not will be wallowing in regret.

Bruce Sherman
Oakland, Oregon; 9/08/2008 11:54 AM