Monday, September 08, 2008

The tape is degenerating a bit in here but the key will be what happens shortly..say between 11am and noon. That is if they can see a second round of aggressive buying. The mlp index is up less than 2 points right now as oil and nat gas pull back off their highs. Dow still up 270 at 10:30am

Waiting for the double pump!
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1 comment:

  1. Anonymous9/08/2008 10:43 AM

    Yeah the FNM/FRE bailout is great news!

    MLP's now trading at lows of the day:

    BPL
    ETP
    ETE
    TPP
    APL
    WPZ
    EPE
    EPD
    HEP

    We can only imagine how bad the MLP's would be if the dow wasn't +265.

    There seems to be NO cirsumstance when MLP's go up and actually stay up. We have had 13 months of unabated selling in the sector.The system is broken and this taxpayer funded bailout won't help MLP holders...nothing does.

    Why would new investors wade into this cesspool?

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