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Monday, June 02, 2008

We can have a good day relative to everything else. MLPS closed near the highs of the day. The index closed up 2.42 or 0.8% while the dow closed down over 1% and big energy stocks closed about unchanged. Works for me. Alliance Resources Partners (ARLP) closed up over 3 points as the days big winner and Constellation Partners (CEP) closed up over 1 point. In fact re CEP a close over 22 on volume could send this to the mid 20s in a hurry.

We seem to be led by the strengthening dollar and rising rates and not the collapsing financials. Maybe its a brave new world. But a close above 300 the index would encourage me...a 310 close and we'll be dancing in the streets.

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