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Monday, December 15, 2008

The mlp index went up about 3 points this morning near its days high and is now down 1 as the overall market has turned softer but nothing tragic. Oneok (OKS) and Nustar (NS) are the biggest losers today; both down about 1 point or so. And we have the usual suspects of fractional losers on the board. On the winning side Holly Partners (HEP) Hiland Partners (HLND) and Semagroup LP (SGLP) are up major fractions. Sema is a big percentage winner up 60 cents with a 2 handle.

Nice to see nat gas up today but off its highs. Crude was up over 3 dollars this morning but has pulled back to a fractional gain right now. Whoops...crude now down 63 cents as i type. Just noticed mlps at the lows of the day on the index and big energy stocks have started selling off a bit. No news breaking that i've seen. I can't see what the drivers are in crude longer term as long as the economy is a basket case and equities go nowhere.

The Madoff scandle continues to deepen as we find out more and more about this horror show. Here is the you tube video in its totality. And btw something that would make the Sopranos's proud but number 2 there at Madoff's firm was Frank DiPasquale of "New Jersey" who was originally in the "sprinkler" business! You just can't make this stuff up.

1 comment:

Anonymous said...

That clip is absolutely amazing! What a scumbag!

But there's a silver lining behind every cloud. This should free up a lot of Bernie's time so he can manage Blagojevich's porfolio since they'll be rooming together.