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Wednesday, August 10, 2011

A rip roaring rally in MLPS which are up nearly 4% or 13 plus mlp index points. 28 mlps are up between 1 and 2 points..16 are up 2 points or more. Alliance Resource (ARLP) is up 4 and EV Partners (EVEP) is up 5. The dow is off 200 points which makes this even more remarkable. The dow has cut its losses in half as the rally attempt continues.

The 10 year dropped to 2.092% which is almost as low as it got in 2008. We're back to 2.20% right now as the world has not ended at least not yet.

It appears that the drop to 310 on the index is the absolute panic low and the move back above 350 which was old support is a very good sign for mlps. At least with 2% 10 years and bank stocks which are circling the drain, there is just no place to go if you want income. We're the only game in town!

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