GOLDMAN SAYS DONT SELL, JUST HOLD!

Back on June 22 the know alls at Goldman Sachs told us to sell Sunoco Logistics with the stock at 50. And now today with the stock at 68 they tell us to sell no longer...just hold. So 18 points and 2 distributions later the boys and girls of Goldman have changed their minds. Now dont misunderstand me; we all make errors and if we didnt you would have no problem building wealth like Warren Buffett. But this was not a good call. Lets see if this is a sign of a top in that mlp now that Goldman says not to sell anymore.

Morgan Keegan is busy this morning cutting Copano (CPNO) and Markwest (MWE) to market perform from outperform. Both stocks have enjoyed nice runs in the last month. Not much else on the news front. The employment numbers were a bit disappointing but the markets are not exactly falling out of bed so far. Frankly the longer the recovery takes the longer the rally lasts so this might be a good thing. Meanwhile MLPS finally pulled back substantially yesterday (relatively speaking) down 3 on the index. Most of that was Enterprise (EPD) thanks to their equity offering. Markets are a little soft as we head into the open. Energy is a little lower. The dollar is also losing ground.

No other headlines this morning in MLP land.