UGLY UGLY UGLY!!!

Alliance Resource Partners (ARLP) continues its rapid selloff down another 5 and change today and is sitting just above 50 bucks. Seeking Alpha has a piece today suggesting coal may be a good contrarian play here but in the piece the writer says he expects distributions to be "down" so apparently the writer doesn't understand that the prospect of a distribution cut in a master limited partnership is not something one buys into.

The mlp index is down over 4 points as the market has cut its losses in half; the dow is down 88 points as of this post. Nat gas is sitting just above 2 dollars but it is now up on the day.