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Thursday, December 04, 2008

Opened lower rallied higher and now lower by 90 on the dow and 4 on the mlp index. Energy stocks as a group are enjoying a lovely crucifixion today as oil breaks below 45 and gasoline futures are at 99 cents down 5 cents. Gulf Oil ceo predicting 1 dollar gas at the pumps early next year. Why not!

Most mlp's are lower being led down by Energy Transfer (ETP) Magellan (MMP) Plains All American (PAA) Nustar (NS) Boardwalk (BWP) and Buckeye (BPL) all down 1 point or more. Big energy down nearly 5% on some indexes.

Wish the auto stuff on CNBC would just end. All that wind in one room!

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