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Tuesday, December 21, 2010

COLD AS FAR AS THE FORECASTER CAN SEE!



Cold weather and a driver for prices of energy continues and latest weather maps show nothing changing into early January. How much of that is priced into nat gas and crude is unknown. This morning nat gas is pulling back pre open from the big move up yesterday. Crude is up a little this morning and stock futures have been gaining strength pre open as yields drop a touch. MLPS closed up but off the highs yesterday and with no news and no upgrades or downgrades to speak of this morning, we'll just have to watch the tape after the open. Its likely to go into watching paint dry mode which is where the overall market has been for the last 2 weeks.

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