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Friday, November 14, 2008

MLP index is now at the highs for the day and up over 2 points as the overall market continues a recovery off the lows.. Dow down less than 150 now.

Paulsen comments which imply that maybe there are no more major banks to fail is perhaps bringing about this bounce. Energy Transfer Partners (ETP) is up now nearly 3 points. Plains All American (PAA) and Energy Transfer Equity (ETE) up 1 or more.

Markwest (MWE) has come off its low of 11 and change earlier this week and has climbed up toward 15 this afternoon.

1 comment:

Anonymous said...


Hardly any commercial banks have failed up to this point, I think about a dozen. We have over 8000 banks in the US alone. We all know that the money center banks: Citi, JPM, BAC, etc are too big to fail, so regardless of the rag doll flinging that goes on in the stock prices they'll be here for years to come.

Paulson is all over the place with TARP, do we even know what it is anymore?

How about a TARP for MLP's? Aren't the MLP's critical to national security amd vital to our economy?

Mr Majestyk