WEEK ENDS SOFT AS MARKETS SEE DOUBLE DIP!

I guess with all the soft economic data lately and the fact that long rates have plunged to record lows could be a clue that a double dip recession looms. Im not sure who is really surprised by this but nonetheless markets are coming to terms with this. MLPS are holding up under the weight of the selling thanks to a 2.50% year and a 3.6 30 year as they approach all time lows. Stock futures this morning are soft but off the lows on an options expiration Friday. Usually we don't get much news to trade on as far as the corporate side goes and this Friday is no exception. Seeking Alpha has a positive look on Atlas Pipeline Partners (APL) and the company becomes safe to buy again once it resumes its distribution. The company told us a few weeks ago that they will be doing so in q3.

Stock futures pointing to a lower open so lets see this play out and then we'll revisit. 90 degrees and low humidity in NYC today which means pool and beach time!