MASTER LIMITED PARTNERSHIPS

Monday, September 15, 2008

We just broke down to new lows on the day for the MLP index.

5 comments:

Anonymous said...: Is this waht capitulation looks like?

Don't MLP's have instrinsic value? Aren't the pipelines, compressors and tanks worth something?; 9/15/2008 2:51 PM
Anonymous said...: "Is this waht capitulation looks like?"

It is only possible to know after the fact. With GS and MS reporting tomorrow and Wednesday, with the rating agencies downgrading BAC, with AIG and WM on the ropes, with a rough 3Q earnings reporting season around the corner, with tax loss selling, an on and on, the market could easily have much further to go.

Frankly, I think it would have been healthier if we had a huge drop today. Without it, I fear that we may have many more smaller drops ahead.

Bruce Sherman
Oakland, Oregon; 9/15/2008 3:04 PM
Anonymous said...: Bruce,

I agree. We are just in a shitstorm right now. Only time is going to heal this mess. A few points here and there is meaningless for me right now.

Mr. Pipes; 9/15/2008 3:09 PM
Anonymous said...: I believe Bruce is correct.
The Black Monday of Oct.19,1987 was a 22.6% market decline. I had thought the previous Friday was a selling climax.
There was even worse doom and gloom at that time. I would be more in belief of a bottom if that kind of large decline on massive volumn occurred.
The slow bleed with brief fake-out rallys depresses us and the market.
To me the great lessons from that time in 1987 is 12-24monnths out, those brave enough to buy did very well.
So I keep hoping we've hit bottom, but don't think its happened yet.
When it does happen, I've confidence there are many here-Joe, Bruce, etc-who will have the courage to buy in.
BOL,
Buy low,
Vonhayekschumpeter; 9/15/2008 3:17 PM
Anonymous said...: APL trading at it's 2003 price today.

Glory!; 9/15/2008 3:20 PM

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