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Monday, August 01, 2011

This morning's trading is showing us that now that we no longer have to focus on the debt charade we can focus on the fact that the economy is in shambles and we are on the brink of another recession. Thats why bond yields continue to fall and the dow is now down 90 points. MLPs were up 6 and now are up less than 3 as they get some yield support. Sunoco Logistics (SXL) is up nearly 1 but off its high as the days big winner. Holly Partners (HEP) is up just under 1. Otherwise its a mixed bag as selling begins to take the upper hand.

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