TEEKAY SELLS SHARES

Another public offering is on the table this morning with Teekay Offshore (TOO) selling shares and the stock is down 1 this morning in premarket trading. And we have earnings news from EV Partners (EVEP) this morning and the stock is bid x ask about 1 lower but its moved pretty much straight up from 20 to 31. DCF numbers were up 42% from a year ago and 9% from last quarter. Pretty good increases driven by aquisitions. Probably buy the rumor sell the news going on here. By the way we should point out yesterday that Genesis LP (GEL) public offering yesterday was the sale of a stakeholders position and was not a new issue of equity so there was no dilution here. Stock has more than doubled from its low and it is just off its 52 week high.

The day after the fed and the market seems destined to challenge the top of the range at 10,800 so we'll see what happens when we get there. MLPS closed mixed yesterday as they have already moved above their resistence line at 300. The grind higher is likely to continue today. Stock futures are a little higher. Crude is up this morning extending its 2 dollar gain yesterday. The fed non action is giving commodities a bit of boost post meeting. No upgrades or downgrades on the list this morning.

Taxes all done (amen) and now to the post office to mail the return for the People's Republic of the State of New York!

And finally...HAPPY SAINT PATRICK'S DAY!!!