THE GOLDMAN OVERHANG CONTINUES

Gee what a shock it was to me that the SEC now decides to go after Goldman in what at best looks like a pretty tenious case. If this is their strongest case and they decided to do this first...then frankly the selling because of this should end around 10am this morning. Memeorandum has a list of links for you with stories from the NY Times along with lots of blogs going every which way on this. In the end its all Obama administration bullshit as they continue their march to suck every last dime out of every legal citizen in this country. But thats me!

Okay now to MLPS which held up well on Friday overall even though the index closed down over 2 points. We continue these pushes and pulls with the moving average support lines continuing to provide investors with excellent entry points.

Still no sign of any kind of intermediate term top. And we are now entering the time frame for earnings and distribution announcements which will soon be coming fast and furious. MLPS have been doing the buy the rumour sell the news action when it comes for this except for Inergy (NRGP,NRGY) where the payout moves have brought about further price gains. Nothing on the corporate news line this morning and no upgrades or downgrades so far. Crude is down over 2 bucks. Nat gas was down before the open but it has now turned a little higher.

Seeking Alpha this morning has this on MLPS that have upped their payouts and points out a few. Im a little late with this Wall Street Journal piece on MLPS. And Investor Place has this on mlps that yield over 6%.