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Wednesday, December 30, 2009

THE YEAR WINDS DOWN!



Its just today and tomorrow boys and girls and MLPS will go down as having a spectacular year as they led us out of the abyss. Now we are focused on the last of the year end distortions and the push and pull we've seen in the last 2 weeks. My gut feeling is that we may see a bit of selling into the close tomorrow in the group. But who knows really. Remember on options expiration this month we had that last half hour collapse due to rebalancing and we got it all back the next day. Maybe all the year end stuff was taken care of already.

No news and no upgrades or downgrades that i can find. So its more of the same for today. Energy numbers at 10:30am and that will drive oil. Nat gas is down a little as it hoves under 6 bucks. Bonds are flat and S&P futures are a little lower.

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