NEW QUARTER BEGINS!

Hard to complain about the first half. Total return for MLPS exceeded 30% and this compares to a basically flat S&P 500 and a down Dow Industrials. Yesterday we saw a lot of maneuvering around and this morning we see futures are higher and crude oil is also higher. Nat gas of course is straddling the bottom and is down a little. Not much is happening on the corporate front as we have no news on any individual issues.

One of the better movers last quarter was Inergy Holdings (NRGP) which is the GP of Inergy LP. During this stretch the company has boosted this distribution from 64 to 75 cents. And the stock price has gone from 14 just before last Christmas to 41 yesterday and not too far from its all time high! Not too shabby!

Here is an interesting blog you should take a look at. Its sort of an on this date in the Wall Street Journal in 1930. Interesting perspective. Sometimes the more things change the more they stay the same.