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Thursday, December 09, 2010

The mlp index is up on another day of watching paint dry on the overall tape. Bond market action was no surprise after the big spike up in rates this week. The 30 year auction went brilliantly with huge demand so 4.50% looks like the top for now. The 30 year is at 4.38 right now and the mlp index is up .75 led by Nustar (NS) which is up a dollar. The dow is down 31 points right now.

Nat gas is selling off hard today after the nice run up. Stock numbers were bearish as they always are but the market looked overdue for one of its usual hard down days.

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