NOW WE HAVE TWICE AS NICE!

Figures that now that we have run well beyond 2008 levels UBS comes out with an MLP etn which tracks 2x the move in the mlp index and pays out 2x. But remember boys and girls 2x the move works in both directions and all this added leverage in the marketplace and that means we will see moves that we normally don't see in this group. Too bad we didn't have this at AMZ 150 or else we would have a quadruple from the lows in your portfolio. In time we will probably have options to hedge the hedge. Please note there are no K-1's here so the payouts pass as ordinary income. So do consider the tax implications.

The index is up over 5 today as the market finally rallies strong from being deeply oversold. 320 is in view for mlps as long as rates stay in the abyss under 3-3.25% on the 10 year and the bounce in the market is something other than a one day wonder. Lots of mlps are up 1 or more like Nustar (NS) Alliance Resource (ARLP) Calumet Specialty Products (CLMT) and Williams Partners (WPZ).