MASTER LIMITED PARTNERSHIPS

Monday, October 06, 2008

Oneok is down over 8 points right now. Dow down 540. MLP index down 32 or 15%! A full blown market collapse is underway here. Sunoco Logisitcs (SXL) down 7. Nustar (NS) Holly (HEP) down 6. Buckeye (BPL) Inergy Holdings (NRGP) Plains All American (PAA) down 5.

As i post the dow is approaching a 600 point loss. Up down volume at unheard of extremes...250 to 1 ratio. 1 stock on the new high list. (Wrigley!).

11 comments:

Anonymous said...: Is this what capitulation looks like???; 10/06/2008 11:15 AM
Anonymous said...: Get a copy of today's WSJ and read the story on page C1 titled: A Street Longtimer Speaks. Seth Glickenhaus is 94 and lived and worked through the Great Depression. He discusses 6 stocks he is buying, 4 of them are MLPs: EPD, ETP, BWP and NMM...

Mr. Majestyk; 10/06/2008 11:22 AM
Anonymous said...: There's a lot of names down 20%, and that's just today's action.; 10/06/2008 12:59 PM
Anonymous said...: Where is everybody?; 10/06/2008 1:22 PM
Anonymous said...: in a bunker; 10/06/2008 1:51 PM
Anonymous said...: ...under the bed.; 10/06/2008 2:05 PM
Anonymous said...: In a cave, with my hoard of bottled water and canned beans.; 10/06/2008 2:06 PM
Anonymous said...: cleaning up my pants...; 10/06/2008 2:28 PM
Anonymous said...: So, is this what a buying opportunity is supposed to look like?; 10/06/2008 2:36 PM
Anonymous said...: MLPsRGood4U said...
So, is this what a buying opportunity is supposed to look like?

Too late for me, I thought it was a buying opportunity a few months ago...down a ton since. No dry powder left.; 10/06/2008 3:12 PM
Anonymous said...: gentlemen, my bunker comment has brought out some good humor on several posts here today.

it's the only time i felt a little better, all day.

hold onto whats left of your pants

lou; 10/06/2008 3:16 PM