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Thursday, August 18, 2011

I think we are setting up for a pretty ugly close. After hitting 10880 the dow rallied about 170 and now thats over with. MLPS are down 10 plus on the index and down less than the market on a percentage basis. Sellers came back from lunch with full stomachs and with more shares to sell.

The VIX is at 41. The 10 year is at 2.08 after getting down to 1.97.

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