BLASTOFF!

It looked to be a quiet morning what with Passover underway and the Good Friday-Easter Holiday weekend getting ready to begin. And then in the time it took for me to walk the dog out came Wells Fargo with a shocker as not only earnings preannounced that are double expectations but they said the Wachovia takeover is going much better than expected. And suddenly futures went from +3 to +16 on the S&P being led by financials. And we have nicely higher crude by a buck sixty and you have the ingredients for a good day for MLPS. I would imagine the pace of trading will slow considerably after the open.

No corporate developements and no upgrades or downgrades so far.