RESTEST CONTINUES

Yesterday's close on the dow closed right on the November closing low. And the mlp index remains miles above its November low. Doesn't take away from just how ugly things were yesterday with being down nearly 300 on the dow and 7 on the mlp index.


Calumet Specialty Products (CLMT) puts up good earnings and notes that they are in compliance with all loan covenants. Good news there and the company says its benefiting from the oil price drop. Glad someone is!

No other corporate news this morning and no upgrades or downgrades. So we now watch the intraday dow lows around 7390 on the dow and the S&P lows which are around 750. We have a ways to go on that. Crude is up this morning as it holds just above 35 bucks. Dollar is a little higher this morning.