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Monday, January 09, 2012

MLPS down nearl 4 on the index. Looks like some rotation coming out of the year end pile up so its back to 390 on the index. Kinder Morgan (KMP) Enterprise (EPD) and some other heavyweights in the group are down major fractions to a point or so. The market meanwhile is higher with the dow up 40 and the nasdaq up nearly 10 after struggling near the flat line all day.

Not much is happening today of consequence. The euro is rallying up .75 of a cent which probably is putting a bid under markets as a whole.

1 comment:

Josef said...

I don't know. I'm up 5.2% since the start of this year on my 100% MLP portfolio. Seems a bit frothy to me.