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Tuesday, November 08, 2011

MLPS remain relatively but overall markets are now moving higher as the dow is up 50 points. The tape really wants to go higher on every piece of breaking news. Berlesconi will resign once the budget is approved. The Euro is now up 1/2 a cent and the market moves with the Euro. While all logic says we should go lower, the tape is telling us we are going higher.

Back to mlps the drag is Energy Transfer (ETP) which is down over 2 points. Transmontaigne (TLP) is also down 2 points and we have most mlps down major fractions to a point. Crosstex (XTEX) and Nustar (NS) are the big winners today up 75 cents apiece.

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