AMEN..ITS FRIDAY!

We have finally arrived to Friday which means a weekend which means Saratoga this weekend to try and make some money at the racecourse! I will be twittering my choices while there and you can follow it on the sidebar. For MLPS Friday trading usually calms down after 10:30 am and not much happens. We have GDP coming in and there is a little selling on the news going on there. But the day is young yet.

Some newsdrivers this morning as Exterran Partners (EXLP) announces an unchanged distribution from last quarter. Unchanged distributions are okay for now but i think we are going to start to see the market differentiate between the distirbution growers and the non growers as we head into the next quarter so new money might be wise to find its way to those mlps which have the best prospects for growing distributions going foward. Also this morning we have Wells Fargo downgrading Holly Partners (HEP) to market perform from outperform. And we have earnings from Capital Products Partners (CPLP) and they are also annoucing ammendments of loan terms.

Crude and Nat gas are following the markets so they are both down after being up earlier. The dollar is a little weaker. So bring on the open!