INERGY PARTNERS LP DOING AN OFFERING
BECAUSE THEY CAN. DOES THE RALLY EXTEND?

Usually when the markets rally big like they did yesterday and close right at the high of the day, we see some sort of consolidation or pullback the next day and we see weak futures at the open. We had another 90% upside day yesterday on some volume so the overall trend short term remains higher. And taking out 805 on the S&P was a good thing so it looks like the wind overall continues to be at our back and MLPS should follow along.

Inergy Partners (NRGY) is among those mlps that has held up well over this horror show. So since they actually have a stock price they can work with its time for another offering of shares. The stock is down 1 in the pre market this morning. Thats about it on the news front so far this morning. Nothing on the upgrade downgrade list. Stock futures a little weaker after yesterdays 500 point dow gain. No surprise here. Energy a touch softer too and we have inventory numbers out at 10:35am.