NEW QUARTER BEINGS..ALL TIME HIGHS LOOM!
After the open the mlp index is up 1 and is nearing the 340 level which would be new all time highs. The 145 and change intra day low anniversary comes in mid November so it would mean that we got it all back and then some in less than 2 years! And while some mlps did not make it back (Hiland, Constellation LP, and a few others) most have made it back and if you were in the right ones you can say..what bear market?
Suburban Propane leads the way this morning up 92 cents and is among the mlps hitting new highs on a daily basis. Enbridge Energy Partners (EEP) and Sunoco Logistics (SXL) are major fractional winners. Nothing of note really on the losers list. Those that are down aren't down by much. The overall market is up 60 dow points and the next level of importance will be the 11k level. Which one happens first. Dow 11k or mlp 340? Lets take a poll!
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