a blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS and the day to day news related to the group...along with perhaps a few other things...as long as the conversation is kept civil. Although i have no problem telling you what i am doing regarding my trades...PLEASE DON'T ASK ME WHAT YOU SHOULD DO REGARDING WHETHER TO BUY, SELL OR SHORT!!! i am not in the stock business.
Friday, January 04, 2008
2 of the MLP index bigger weights Oneok (OKS) and Plains (PAA) are down 1 and change and probably make up a big chunk of the 2 point decline in the index. Kinder Morgan Partners (KMP) which is a heavyweight is up 25 cents. But you have that 200 point dow decline headwind and i suspect an ugly last hour is coming up. Certainly MLPS did better this week than the overall market so at least its relative outperformance. I noticed alot of defensive issues were higher today including the 5 point gain in the utility average so the tape is signaling recession.
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