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Friday, August 03, 2007

This has to be the worst period for MLPS in a long long time. Certainly in the last 5 years i can't remember 2 days like this back to back. The index is down another 6 points and is sitting below its 200 day moving average for the first time since last September. Global Partners (GLP) is the biggest loser in point terms and percentage terms down 3 and change or nearly 10%. No news is really driving anything today. Its just a sheer mess. Somehow Copano Nustar Holdings and Plains All American are holding on the tiny gains.

Vacation next week so again posting will be minimal. Truthfully after this week i need to get away from all this for a few days or else i'll go crazy.

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