ELECTION OVER...
NOW ITS EARNINGS

We have earnings this morning which will be driving a few individual issues. Atlas Pipeline Partners (APL) is up in the pre market on its numbers. No press release yet but i'll put the link up when it comes. Conference call this morning at 9am. It will be interesting to see if they address the concerns by the Citi anal-ist that downgraded the stock to a sell last week. The stock is now above where it was when the downgrade came out. Also out this morning are earnings for Calumet Specialty Products (CLMT) which suffered greatly from the price spike in oil. The company seems to have done the right things but the market may say otherwise as there is stock for sale below yesterday's close. We're waiting for press releases from Quicksilver Gas LP (KGS) and Eagle Rock (EROC) which should hit sometime this morning.

Nothing on the upgrade downgrade list this morning. Crude is 2 dollars lower after a 7 dollar gain yesterday. Stock futures are softer but off the lows of the morning after a 300+ gain yesterday and a push over 1000 on the S&P. I think this rally still has some legs in it so the pullback might be a buying opportunity for short term traders. MLPS continue to swing with the market moves so we will of course watch their gyrations. More ex-distributions hit the tape this morning as this cycle comes to a close. The cash arrives in about 10 days.

So let us now put the election behind us and get back to some semblence of normalcy...whatever that is.