ONE YEAR..100 MLP POINTS

We are approaching a 100 point gain on the mlp index from 1 year ago. In fact if you take it back to the 146 intraday low and we're talking 130 points or just about a double in the index and then add to that 4 distributions. So we not only continue to lead but the index itself is probably back at a place where we can say that the bear market damage has been pretty much undone. However there are a number of MLPS that have not rallied at all and if you held those or still do, its much more difficult to see this view as fact. Still we have many mlps at or near all time highs...not just recovery highs!

This morning we have Wunderlich cutting Inergy LP (NRGY) to a hold from a buy. Inergy and Inergy Holdings (NRGP) are sitting at all time highs. No other news on the wires this morning. Stock futures are higher ahead of the open. Oil is down under 70 bucks and this stock rally continues in the face of falling crude and a rising dollar. Nat Gas is up again this morning as the US is facing some very cold weather at the end of the week and next weekend especailly in the eastern states.

Sorry for the lack of posts the last few days as i have been working double shifts with minimal computer access. Add to that a few Christmas parties and..well you get the picture. Back to normal this week.