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Thursday, June 24, 2010

LESS IS MORE!


Not sure what is going on. Maybe its a 3% 10 year yield making mlps appear undervalued. Maybe its the firm nat gas price these days. Maybe its just more buyers than sellers. Whatever it is MLPS continue to strongly outperform the broader market. With the dow down over 100 points the index is down a small fraction. Also not sure what if anything is going on with Alliance Resource Partners (ARLP) which is up nearly a dollar this morning. Dont seen any news there and the volume isnt all that high. Otherwise fractional moves of minus 50 cents to plus 50 cents...more mlps down than up.

Busy in the house this morning. Will update later.

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