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Friday, October 20, 2006

Lunchtime on Wall street and we have everything off the lows of the day except for big energy stocks which are reacting to Crude Oil dropping $1 on the OPEC cut. MLPS have held up very well and have stayed in a tight range. The MLP index is down about 30 cents. The group as a whole is trading between 50 cents up to 50 cents down; none of the recent moves is corporate driven.

Looking for more of the same this afternoon but if the overall market rallies, look for MLPS to remain disconnected from the rest of energy and move up with any broad market move.

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