NOT LOOKING GOOD!

It doesn't look good out there. Rally attempts continue and they keep getting overwhelmed by sellers. I haven't thrown in the towel yet but it just feels like the markets want to break down in here so watch the last hour. Dow has gone from +70 to unchanged in a hurry in the last 20 minutes or so. MLPS were up earlier and now are down by 2 1/2 points on the index. We continue to out perform relatively speaking but that only means we are down less on a percentage basis. We are still down.

Drillers getting hit by the Goldman downgrade so there is some pressure from energy stocks as a whole though Exxon is up a buck or so for some reason. Most mlps are down major fractions with Plains All American (PAA) and Holly Partners (HEP) leading the losers list down just under a buck each. Williams (WPZ) is showing a 40 cent gain among a small list of winners.