EURO WOES CONTINUE!

Its front and center this morning and yesterday's late day reversal in the overall market is getting undone this morning with futures down about 100 points. The dow chart is at a make or break place here as the support is holding but its getting to be a bit tenuous. So far though it is hanging on. Yesterday's late day rally looked like an end of month move with no lasting effect. We'll be back down to yesterday's lows at the open.

MLPS came back to some degree keeping losses under 1 point. The rally in bonds is being supportive in here to some degree so as long as things dont get too out of hand, any moves will be relatively contained and reasonable. But markets are a bit spooked right now with eyes on whether Spain will be the Lehman of Europe.

Nat gas corrected hard yesterday but its back up today before the open as weather will be turning colder than normal for the first half of December across the gas consuming areas of the midwest and northeast. Went long again on the pullback yesterday using UNL and not UNG. Its only for the most nimble of traders. Make your money and run!

Inergy LP (NRGY) chairman John Sherman was on CNBC yesterday discussing with Cramer about the quarterly results.

The chairman says the distribution is safe and the quarter was just a one time blip. Good interview for those of you who own this one or are thinking about it.