AT THE TOP OF THE MOUNTAIN!

Yesterday's fractionally higher close has us right at new all time highs for the index which is a nice way to start a Tuesday morning. Not much happening this morning with mlps. We have this Zachs piece on Williams Partners (WPZ) arguing that its yield and growth prospects look good. Also this morning Teekay LNG Partners (TGP) is a 3.7 million share offering and that has the stock down nearly 2 dollars in the pre market. Not much else is happening. The market's attention is focused on the Texas Instruments/National Semiconductor deal this morning. Stock futures are a little lower along with crude and nat gas. Rates are flat to a few ticks lower and the dollar is rallying a little against the Euro and yen. Thursday the European Central Bank will be meeting and it looks like they are going to hike rates at this meeting.

Motley Fool is doing an analysis of Targa Natural Resources (NGLS) and compares it to a few other mlps. They actually do a decent breakdown of gross margins and a few other metrics..though in the end we all know its about DCF (distributable cash flow). Still worth the read. Not much else on the tape this morning as we await the open.