MARKETS SELLING OFF AS MLPS GO OPPOSITE AND GAIN!

Sorry for the extremely late first post as i have been out all day dealing with stuff. Dow was up 125 this morning and looked like it was on its way to a nice gain but then a reversal again and we are down 80 points. The mlp index on the other hand has been holding on to a nice 3.50 gain although its off the highs of the day. Looks like Shelia Bear's comments that healthy banks should cut paytouts caused the selloff to pick up steam. Kinder Morgan is putting a heavy drag on the index down 2.59. No news driving this. Is another stock offering coming?

Linn earnings (LINE) this morning and the stock is up 1. Exterran Partners (EXLP) is up fractionally on its earnings. Both companies seem upbeat about 2009. Sunoco Logistics (SXL) is up 2 and change as the biggest winner. Holly Partners (HEP) is down a little over 1 point and is the biggest loser.

I was wondering with the Obama budget and the probability that taxes are going up for the 250k+ earnings; perhaps its making MLPS appear attractive at these prices. Doesn't hurt that crude is rallying sharply for the second straight day up over 2 dollars.