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Monday, November 03, 2008


If you went to sleep on October first and woke up on November 1st you would be looking at the mlp index down just about 4 points. Amazing what occured in between. Now we have put October behind us. Silly season in the land of politics ends tomorrow with the election. And maybe now we can look foward to...a deep recession?

This morning we're seeing Boardwalk Partners (BWP) getting a boost from Cramer as he goosed the stock last Friday on Mad Money. Stock is up in the pre-market. Also we have earnings this morning from Magellan Midstream (MMP)which look very good and the company continues to forecast a record year. Teekay Offshore (TOO) boosts the distribution by 12.5 percent.

Crude is down this morning along with nat gas and by products. Libor rates continue to drop as the credit freeze continues to ease slowly but steadily. Stock futures were higher earlier but now are a little lower going into the open.

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