UNEMPLOYMENT OR
LACK THERE OF!

7% Unemployment rate and like to rise some more in the coming months and the overall market is down about 100 dow points. The mlp index is down over 2 points but we are coming off yesterday's gain and relative outperformance so at least we are not seeing huge down moves in mlps along with a down market. The improvement in the credit markets makes a big difference.

No really standout movers this morning as the losers are down fractions. E V Partners (EVEP) leads the losers list down 1 and change. Thats the only 1 point loser. A few winners but they are up small fractions. Inergy Holdings (NRGP) Calumet (CLMT) Oneok (OKS) Hiland Holdings (HPGP) are among the stocks on the upside.

No news and no upgrades or downgrades. I'm going to look for a rally attempt in the overall market late this morning and this afternoon and that should carry mlps. Crude is down over 2 dollars and back under 40 bucks. Northeast and midwest heating oil users will be wise the top their tanks as bitter cold air is going to rule the weather patterns starting next week and beyond.