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Monday, August 31, 2009

MONDAY BEGINS LOWER AS LABOR DAY LOOMS!


I dont won't you to think i've disappeared off the face of the earth but i've been working and running around taking care of back to school stuff. Given the slow pace of trading the last couple of weeks some time off is a necessary thing every once in awhile. And the Travers in Saratoga kept me busy late in the week at that other casino!

Okay we're lower by 2 points on the mlp index and most are down. Crosstex(XTEX) is selling assets to Kinder Morgan (KMP) which has Crosstex up a little and Kinder Morgan down a little. Stiefel Nicholas is starting Buckeye Partners (BPL) at a buy and the stock is up a nickle. Most mlps are lower by fractions to a point.

So far this correction has been very orderly and there is still no evidence to suggest that its anything other than a correction.

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