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Tuesday, October 28, 2008

MLP index now flat...and the dow up only 125. I smell a rout developing.

8 comments:

Anonymous said...

Yep, back to the grind. We have to be honest with ourselves. we're in a world of economic hurt here and recovery is a long way off.

At least we get paid to wait in MLPs.

I expect nothing to improve in the near term.

Anonymous said...

We were higher in the am, basically on the Asian rebound ( not on hopes of a Fed rate cut ( pushing on a string ).


Morgan Stanley and Goldman Sachs sharply lower, perhaps that and the Consumer Confidence #s are spooking any traders that are taking the long side.

Maybe GS and MS are on the wrong side of the VW short squeeze?

HS

Anonymous said...

Rumor is that GS is on the wrong side of the VW trade, although that shouldn't knock it down 5 points. But in this mkt, ....

Anonymous said...

This market is just a circle jerk...

Anonymous said...

Huge divergence between the large cap names (KMP, EPD, TPP) and smaller names (MWE, NGLS, RGNC)

Anonymous said...

Is it possible that some mlp's will be forced to cut distributions because of falling energy prices?

Citi research suggested APL at risk.

SteveH

Anonymous said...

Didn't APL raise their distribution guidance for 2009?

Nice try shorty!

Anonymous said...

Obvious forced selling/margin call/liquidation in NGLS, XTEX and WPZ today...