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Tuesday, March 28, 2006

No after market news this evening. Frankly with the rate hike and the market selling off this afternoon MLPs i thought held up quite well overall. One of the things that came to mind as i was being tortured by my doctor...that maybe we're at the point where these stocks have very little downside...since the yields on many of these are still holding near the top of their ranges. The prospect of distribution increases and were 6 weeks from the next round of them seems to have put a floor under them. Of course we'll see tomorrow if there is any follow through on the selling in the overall market tomorrow and if that selling spreads to MLPS or will they continue to hold. The chart action and the recent breakout of the leaders says to me that we'll be okay here.

Now for some fun...Althouse blogged about the Sopranos and for you fans of the show it is a must read. And if your really into the symbolism check out the Television Without Pity forum because its loaded with stuff.

Amercian Idol tonight..so far 3 singers and 3 disasters. Lisa was very ordingary...picking a song bt Kelly Clarkson and it did not work. Kelly Pickler went with a song that had soap and suds in the lyrics. A country song that was childish and just didn't work. Ace was awful and he is a cheeseball. Taylor Hicks who I also can't stand is singing Trouble which is an unusual song. It was alright but nothing special. You know what...Althouse will blog about this later...i'll leave it up to her and post her link.

1 comment:

Anonymous said...

Joe,

You could be talking about a different MLP when you refer to 'Broadway Partners' but I'm pretty sure you mean Boardwalk. Forgive me if I'm mistaken.

And the Sopranos blog link is actually DD buying some more EPD units. Which was actually a pleasant surprise...

euro