MASTER LIMITED PARTNERSHIPS

Friday, October 03, 2008

Up 6 points on the mlp index which is 60% of yesterday's loss of 10 points. Not bad so far.

I have to meet with my accountant to find out how much money i don't have.

3 comments:

Anonymous said...: I know that many are suspecting that the market will rally after the Paulson plan passes and then quickly give up those gains. I am not so sure.

I think it is entirely possible that the rally will cause some short covering which will help it spike higher. In addition, the Fed may well cut interest rates today or Monday to help keep the rally going. They have today's lousy employment report as a justification.

Having said all that, I cannot imagine that we do not face another large down-leg. All the fundamental news about the worldwide economy is just dreadful and all indications are that it will get worse. The only questions are how much worse and for how long.

As for MLPs, frozen credit markets, year end tax loss selling (should be a doozy this year), weak commodity prices, institutional selling, and fear of a recession (which would further negatively impact both energy prices and pipeline usage), should all keep killing MLPs at least through year end.

Bruce; 10/03/2008 11:20 AM
Anonymous said...: "As for MLPs, frozen credit markets, year end tax loss selling (should be a doozy this year), weak commodity prices, institutional selling, and fear of a recession (which would further negatively impact both energy prices and pipeline usage), should all keep killing MLPs at least through year end."

Why does everyone think that people will wait until the end of the year for tax loss selling? Is it not possible that alot of losses have been taken already?; 10/03/2008 11:32 AM
Anonymous said...: It has been said that "markets climb a wall of worry"

If this is so, we are definitely due for a bounce...; 10/03/2008 12:52 PM