LOVE BEING HUMBLED!

Of course right at the point yesterday that i was predicting the markets demise and mlps with it, the market turned and closed higher and the mlp index closed up over 2 points. And that rally mode continues this morning as futures are higher and slowly building on strength. So at least it looks like a fairly solid up open and we have something to build on for the rest of the day.

Earnings news with a nice quarter from Ferrellgas (FGP) which everytime i look at it, is trading around the same price; never seems to go anywhere. Enterprise Products Partners (EPD) had one of its partially owned nat gas lines blow yesterday with one person killed. These are sensitive times when it comes to these sorts of events. But clearly this is not BP.

Crude is up this morning, nat gas is down a little. Gold traded yesterday at all time highs. The dollar is a little stronger against the euro (surprise) and european stock markets are firm ahead of the open. OOPS the euro has just turned higher and is over 120.