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Tuesday, November 02, 2010

NOTHING LIKE A STOMACH FLU!



Three days of feeling awful so my apologies here. Starting to feel a little better this morning so lets start with elections. Real Clear Politics has the House of Representatives flipping which seems like a done deal. The Senate will be close. Meanwhile we have the fed in a 2 day meeting which tomorrow afternoon we will probably hear about the QE2 annoucement. This has pretty much driven markets nowhere in the last 2 weeks as we continue in this extremely tight trading range. So it seems that tomorrow afternoon we should break the tension. MLPS holding at new all time highs and they are up fractionally this morning.

On the corporate side this morning Magellan Midstream (MMP) announces great earnings, raises guidance, and says everything good but the stock price apparanetly had it all priced in except for 10 cents which is what the stock is up right now. Not much else happening on the tape this morning.

Gotta go vote and then to work but will be posting later today and tonight on elections, as long as the stomach flu doesn't send me to bed early.

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