Another day...another crash! A wild morning that was just dizzying. The dow opens down 700 points and then the most violent rally i've ever seen takes it to plus 81 shortly after 10am. And then from there its back down minus 400. The MLP index moved along in the same fashion from down 12 to down 2 and now back down 12. The big hits today are in the MLP funds like Tortoise Energy Infrastructure (TYG) which is down 7 @ 9. Kayne Anderson MLP fund (KYN) is down over 4 points @ 14. Large percentage losses as selling is forcing fund selling.

A few more MLPS have pre-announced distribution increases as Inergy LP (NRGY) hikes by a penny to 63.5 cents or 2.54 annual on a 13 dollar stock. 20% yield gives you the stock for free in 3 1/2 years. Penn Virginia Resources (PVR) and Penn Virginia Holdings (PVG) hike their distributions and say they are okay through 2009. PVG traded down to 8.78 this morning. Inergy posts its outlook for 2009 assuming there is a world left by then.

Dow is down almost 500 points as we head into the last 2 hours of trading.