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Tuesday, February 17, 2009

We are at the lows of the day for mlps and under 200 as crude oil is getting hammered in the front month and energy stocks as a whole are getting thrown out the window. The dow is only a handful of points above the 7552 low in November. 7392 is the actual intraday low set on November 21st and the dow closed above 8000 that day. 752.44 is the S&P closing low and the intraday low is 741.02 on November 21st. So we are in the land of positive divergences even though it sure feels pretty worse. The mlp index is nowhere close to its numbers. 145.81 is the intraday low and 152.68 is the closing low and we are way above that and we remain up 14% total return for 2009 so far.

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