MARKETS WANT TO GO HIGHER!

The unemployment numbers were horrible and there was no surprise there. So focus is on a potential package next week that will be helpful long term. So the shorts are covering today. Energy stocks are dragging at little at the open which is holding MLPS near the flat line at the start but my guess is if the buying spreads out..we'll get it in gear and move up with the rest of the tape.

Oneok Partners (OKS) is down 2 dollars at the open as they provided guidance for 2009 that was a bit underwhelming due to market conditions. Tudor Pickering downgrades the stock as well. Kinder Morgan (KMP) is down 50 cents at the open which providing addtional drag on the index. Nothing much else going on from a corporate standpoint.

The energy complex is lower with oil under 40 bucks again and that is providing additional pressure.