Down 4 points on the MLP index as 267 looms. 10 mlps are down 1 point or more and Alliance Resource (ARLP) is down over 3. Anything having anything to do with coal is getting hammered both mlp and non mlp.
I don't want to say this too loudly but Constellation Energy Partners (CEP) is getting back almost all that it lost yesterday. I guess a 12 handle and a 2.24 distirbution and an 18% yield was just a little too extreme?
The MLP rally has failed miserably.
ReplyDeleteWhat it takes us weeks to gain is easily lost in one trading session.
This blows.
This isn't a real market. Prices move on nothing. It's a fraud.
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