MLPS are down over 6 points and money rushes out. Kinder Morgan (KMP) is down 2.57 and Inergy LP (NRGY) is down over 4 points as the threat of a distribution cut looms. Since the stock price here has been cut in half it seems that the company plans the cut the distribution in half. The company did an IPO of its midstream assets a few months ago. You wonder whether that was such a good idea.Dow down about 85. Nasdaq is up a couple. The tape is feeling the pull and tug and looks sloppy overall in here.
joseph cioffi's Source Page - Associated Content
2 comments:
With the Socialist agenda and a proposed doubling of taxes on capital gains and dividends laid out in Obama's latest State of the Union speech, I'm surprised the market has held up as well as it has. In addition, Bernanke's stated goal of keeping interest rates at near zero . . . now through 2014, tells me that we are in deeper doo doo than I even imagined.
Doubling of Taxes become headache for every individual its adversely effecting on Economy of nation.
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