THE RALLY CONTINUES!
MLPS continue to benefit from the tremendous compression in prices during December and we continue to rally from there. 200 seems to be the first wall but we have tail winds this morning with stock futures up. Energy futures are higher going into the open and we have no corporate developements.
I have some personal stuff to deal with this morning so upon return i shall update.
joseph cioffi's Source Page - Associated Content
2 comments:
Joe I Love MLP's but frankly you seem to have a lot more inside info and industry analytics than I have. I'm accustomed to individual co. analysis, but mostly just from 10K's, 10Q'. They are pretty circumspect (dry), and backwards looking. Do you get newsletters or have other resources? I need to understand this stuff better from a practical (non-accounting) perspective order to increase my exposure.
Thanks, Mike Jackson (dujackson@ladhs.org)
I really don't have any "inside info" per say. I do read everything you read plus i read on the internet any article on mlps that i can find. Some of it is relevant and some of it is just rehashed headlines. I have been following the markets for 25 plus years and have seen many things that have allowed me to take advantage of trading opportunities that present themselves. Some of it is counter intuitive and often times those can make the best trades Lately its been watching prices relative to yields and the relationship mlps have to corporate bonds...which we all know have been a disaster. That market is turning and mlps should and have been moving higher in response to a rally in corporate debt. That i believe is the driver for the next few weeks. And of course at the end of this month we will get distribution announcements which will be the ultimate price driver.Btw read the form 4 sec filings to see what insiders are doing. But insiders have been buying all year (2008) and that was not an indicator to buy. The overall market took over and the result as we know was not pretty.
I guess i just mesh all of this together and pontificate!!!
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