Sorry for the lack of posts today but i spent the afternoon at the racetrack. Didn't make any money there either.

Some news today with a big distribution boost for Markwest Energy (MWE)holders. Also we have a distribution boost for Plains All American (PAA) and Boardwalk Partners (BWP). So at least the news continues to be good from MLP land.

Buckeye Holdings as a 17 dollar offer on the table and management will be meeting to figure it out. These days a bird in hand is worth 2 in the bush. Somebody sees value at these prices and that is a small sign of hope.

The mlp index was down over 5 points today but this was the kind of day 2 weeks ago that would have been down 15 or 20 points or more so i consider it a victory. The thawing out in the credit markets is helping here while the overall market is now shifting focus toward the deep recession it sees going foward. We live from day to day here and tomorrow might bring an entirely different outcome. But for now...I can't say i'm too unhappy with today's action.