We closed well off the lows as the Dow rallied by the end of the day. The mlp index came all the way back to down 2 on the day. The index traded in a 15 point range today.

Magellan Midstream and Magellan Holdings raises the distribution again. They like the 1/4 cent there at Magellan.

Noticing some MLPS catching bids above the 4pm close in after hours. If this is a typical reversal pattern we will play catch up tomorrow. Also Buckeye Holdings (BGH) traded above the 17 dollar tender offer in afterhours. Its one 2800 share trade and it could be the greater fool theory...we'll see.