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Monday, September 12, 2011

MLPs are underperforming today. Perhaps its the beginning of the end of the decline, perhaps not. The vix is at 41 and change so keep an eye for a spike up and indications that 10,6o0 on the dow holds or not. 1136 on the S&P is the magic number there. We're at 1145 now. The market looks like its trying to take a stand here. No guarantees.

Plains All American (PAA) is the days biggest loser down 1.39 and Kinder Morgan (KMP) is down 1.21. Markwest (MWE) is down 1.10. On the upside Amerigas (APU) stands alone up 0.23. Everything else in the group is down fractions to a point.

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