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Wednesday, January 12, 2011


My first chance today after finally finishing the big dig out of 17 inches. And that was on top of the 15 we got the day after Christmas. Markets are firm with the dow up 85 and just off the highs of the day. MLPS are up over 370 on the index so the rally continues and i suppose with a bullish backdrop 400 is not out of the question at some point this year. Alliance Holdings is up 1.50 as today's biggest winner. Morgan Stanley downgraded Regency Partners (RGNC) and Magellan Midstream (MMP) and the latter is down over 1 as today's biggest loser. The melt up continues as today they heaved a sigh of relief that the Portagul bond auction didnt go down the tubes.

No surprises from the fed's beige book really so markets are holding on to their gains.

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