Wednesday, June 04, 2008

INTERESTING DAY AHEAD!



Well truthfully they all are interesting days; even during those watching paint dry moments. Crude Oil is straddling 124 with inventory numbers out at 10:30am. The overall market has been teetering on the edge with financials and their problems. Energy stocks have been selling off as we noted yesterday with a number of intraday reversals which are only relevant with followthrough. MLPS have actually been up over the last 2 days with relative outperformance. So as I said it should be another interesting day.

No corporate developements and no upgrades or downgrades on the list this morning. Natgas is down 10 cents and holding a 12 handle. So fasten seatbelts kids.
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8 comments:

  1. Anonymous6/04/2008 11:17 AM

    Feels like someone is liquidating mlps today.

    ReplyDelete
  2. Anonymous6/04/2008 11:30 AM

    Gee...Perhaps Someone doesn't look at the fundamentals?

    ReplyDelete
  3. Anonymous6/04/2008 11:35 AM

    Not sure fundamentals ever matter with MLP's. They seem to always be "cheap"

    ReplyDelete
  4. Anonymous6/04/2008 11:40 AM

    MMP and MGG may be down due to a fire in their KC facility. These pullbacks are ususally short lived.

    ReplyDelete
  5. Anonymous6/04/2008 11:43 AM

    BPL getting taken to the woodshed today. Down over 3.50%.

    I bought some.

    ReplyDelete
  6. Anonymous6/04/2008 11:53 AM

    Cant sell the MLP's fast enough today...

    ReplyDelete
  7. Anonymous6/04/2008 1:41 PM

    MLPs are a great way to earn tax-deferred income. If one gets price gains, its just gravy. Anyone who speculates on well-established MLPs is usually swimming upstream.

    ReplyDelete
  8. Anonymous6/04/2008 2:43 PM

    True.

    ReplyDelete