Tuesday, September 06, 2011
Dow opens down 2.3% and mlps open down 2.3%; down nearly 8 points on the index. So far everything moving in line. No downside "outperformance" by the mlp index; that is its down more than the overall market telling us the sell off is coming into a climax bottom. The vix is up 5 to 39. The August high that matched the bottom at 10,600 was around 48 or so. 10am brings us August ISM service sector measures which might move the tape.