MLPS YES BUT FIRST....
THE GREATEST SINCE RUFFIAN...
IN MY NEVER TO BE HUMBLE OPINION

Let me say that i have been following the horseracing game since Secretariat. I remember many great horses along the way. Every year horseracing fans hope for that one special horse that can sweep the triple crown. Since 1978 when Affirmed did it there has been a drought. We've seen many horses with potential for greatness sidelined or retired due to injury.But once every generation a horse comes a long that avoids the pitfalls and sets down a course to achieve greatness. And in my view Rachael Alexandra is that horse. What she has accomplished is nothing short of remarkable. I was there at Saratoga Saturday and the rafters of the grandstood shook from the noise of the crowd in a dramatic stretch drive that will be forever remembered. Take a look and enjoy...And after winning 9 races this year...5 grade one races...she is not done. She is coming back next year as a 4 year old. I can hardly wait.

Okay back to MLPS and back to something resembling normalcy it looks like all the sellers sold in the last 2 weeks as markets are sharply higher this morning. Crude is up nearly 2 dollars and nat gas which closed up meaningfully for the first time in months Friday is flat. There are pre opening bids on many mlps above last Friday's close. There are no corporate developements this morning so far and nothing on the upgrade downgrade list yet.

It will be interesting to see if MLPS resume their leadership position that they assumed last Christmas. MLPS have pulled back in the last few weeks into moving average support which has held beautifully. It indicates to me the bull move remains intact. We need to take out 250 decisiviely so we can get back to 270 but that only happens in my view with DOW 10000 or higher. Formidable goal but not impossible.