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Tuesday, September 14, 2010

MLPS A LITTLE HIGHER AT LUNCH TIME



Sorry for the late first post but markets do not wait for housework and food shopping among other things. But the index is up over 330 and we do have fractional gains in many issues. Nothing being driven by individual news but Enbridge Energy Partners (EEP) is down 1.50 on no particular headline. Perhaps after the San Bruno explosion and the Lakehead leak; the idea of pipelines running underground near big population areas is becoming an issue. Otherwise the moves are small with more mlps winners than losers.

Dow up 35 at lunch time after opening lower. Im looking for a run for mlps to challenge the trading high at 335 and then new all time highs at 340...maybe not today but in the short term.

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