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Friday, July 16, 2010

ANOTHER UP WEEK COMES TO AN END!


I know my posts this week have been rather limiting thanks to my vacation but this comes to an end today and its back to nomal come Monday. The distribtution annoucements have begun with several mlps upping payouts and of course this is no surprise. The 10 year is below 3% this morning so the drive of money to yield continues. No reason why we won't see new all time highs on the mlp index in the next few weeks. I would only caution however that with this move has come the arrivial of all these etfs. When the day comes that selling is the thing to do, the volitility in these things may be something taking us back to the Lehman unwind. But for now its up with minor interrruptions until further notice.

Just noticed stock futures turned a little lower this morning ahead of the open afer trading a little higher. Nothing major here. Good tape action yesterday with the dow down over 100 and then a rally back to a small loss at the close. No corporate developements this morning and no upgrades or downgrades.

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