Off the lows of the day which were down around minus 13 or so after the open. The bounce took us back to minus 6 and now minus 7. Large losses in the all the big cap names like Enterprise (EPD) down 1.63 and the biggest weight in the mlp index. Suburban Propane (SPH) is down 2 and change and Ferrellgas(FGP) is down 2 on its stock offering. Both Holly Partners (HEP) and Buckeye (BPL) are down 1.75 apiece. The mlp index is being rebalanced and that could be causing a few distortions but for the most part its all down.

The fed has come and gone and done nothing. Stocks and yields are coming off their lows.