Down 7 points as we head into the afternoon. The mlp index is getting hit by ex distributions plus some additional selling. Some mlps are down sharply but are not ex distribution like Buckeye Partners (BPL) and Inergy Holdings (NRGP) which are down between 1 and 2 points. Oneoke (OKS) Kinder Morgan (KMP) Magellan (MMP) TC Pipelines (TCLP ) among others are down 1 point or more.

Crosstex (XTEX,XTXI) are both up as they sell some notes to pay off debt which the market views positively. Sunoco Logistics is up 75 cents but off its highs on excellent earnings and the distribution hike. Alliance Resource (ARLP) was up about the same earlier on its news but its now down a small fraction as sellers come in and overwhelm the positive news.

Dow is down 50 and depending on what the fed does, its possible we could see the dow test 10,000 later today. Its only 150 points away from where we are right now.