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Monday, November 24, 2008

Back well over 160 and up 15 points on the mlp index. No surprise given the damage that we would get a 10% rise or more in one day and that's were we are seeing. The dow is up 221 and is off the highs of +340. Still the tape feels good today and my guess is we will build on gains after lunch.

Quiet on the corporate new front for MLPS. Nothing significant. Buckeye Partners(BPL) is up 5.88 as the biggest gainer today. 2 to 3 point plusses in Nustar(NS) Kinder Morgan(KMP) Oneok(OKS) Energy Transfer (ETP) and a few others.

Morgan Keegan downgrades Hiland (HLND) today. The market has already done that!

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