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Wednesday, April 14, 2010

MLPS TURN LOWER AFTER FED SPEAK!



Not sure if it was related but after an early higher open the mlp index has pulled back and is now down a fraction. MLPS came back some later in the afternoon yesterday but with Kinder Morgan (KMP) and Enterprise (EPD) down the flat line was just not going to happen. The two heavyweights are down pennies today so they arent having the big influence. EV Partners (EVEP) is the big winner today such as it is up 50 cents while we have a few losers in the 30 to 40 cent range. No news drivers to speak of this morning.

Inventory numbes for crude are down so crude is up nearly a buck after 4 straight down days. Nat gas is up today adding to yesterday's gains. The dollar is rallying and the dow is up almost 50 points as of this time.

No change in the fed language by Big Ben in his testimony to the House of Gasbags!

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