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Monday, August 08, 2011

MLPS down 15 points plus on the index and at the lows of the day. Alliance Resource Partners (ARLP) is down over 5 as the days biggest losers. Markwest (MWE) and EV Partners (EVEP) are down 3 points apiece. Kinder Morgan (KMP) is down 2 plus. Losers everywhere on the tape. The dow has dropped below Friday's low and dropped to 11,050 before some buyers showed up. You have to think we're headed for a test of 11,000. Europe closes at noon so the next half hour could bring another round of sellers. Violent trading occuring with gold up nearly 60 bucks.

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