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Monday, December 01, 2008

Dow 8 points on the mlp index as the dow runs its losses to minus 450 or 5%. Figures after 5 up days we would see a large giveback today. Big energy is losing bigtime today with indexes down 8% or more so that is adding an additional drag.

Quicksilver Gas (KGS) and Ferrellgas (FGP) are the only 2 winners today and we're talking small fractions. Otherwise we're seeing 1 to 2 point losses among the usual mlp suspects. Coal mlps are getting hit hard today as Alliance Resource (ARLP) is down over 2 points and Natural Resource Partners (NRP) down nearly 2 points. 20 mlps in total are down between 1 and 2 points. Atlas Pipeline Holdings (AHD) is down 1.05 and is a big percentage loser today.

I think at some point this afternoon they will try to rally 'em off the lows.

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