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Tuesday, May 25, 2010

Down a little over 5 on the open which if you ask me is not as bad as i would have thought given the dow down 250. One way to look at this is that MLPS have no European expousure ( duh!) unless you want to stretch the point of the euro economy collapsing and causing ours to do so and impacting everything somehow. I dont know but that view to me is so extreme that if it were true, there wouldnt be too many places to hide.

Lots of 1 point losers like Inergy Holdings (NRGP), Martin Midstream (MMLP) Sunoco Logistics (SXL) among others. Most mlps down fractions to 1 point. No winners on the list this morning.

Dow down 210 and off the lows.

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