MONDAY MORNING
FIRST FULL DAY OF '09

And so it begins really today as everybody is back to work. I have to tell you i am so glad the last 2 weeks are over with. By the time New Years arrives i want the holidays to just go away. We have been in rally mode since Christmas and the mlp index starts the day @ 188.59. With the energy complex firming and rates in treasuries actually rising i would think the rally can continue and maybe we can get the index above 200 in the short term

News this morning from Eagle Rock (EROC) as they bring in a new CFO. Otherwise all is quiet on the corporate front. No upgrades or downgrades yet on the list. The dollar is rallying sharply as gold is down 25 bucks. Stock futures are a little softer but not by too much. We certainly have a lot of headroom in here so i would think the path of least resistence is higher. I would also expect to see a continued rise in prices of the low price mlps (under 10 bucks) until it becomes clear what happens to distribtuions. And those announcements loom in the weeks ahead.