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Friday, January 06, 2012


400 doesn't really mean anything other than its a nice round number but mlps did break out above 390 so the bull run continues here entering its 4th year. Markets continue to appear to take the path of least resistance which is higher. The tape feels pretty firm as selling continues to be met by eager buyers. The euro is imploding but overall markets seem to have de coupled from the euro for the time being. Still I can't help but feel something is lurking out there.

Kinder Morgan and Enterprise Products Partners are near all time highs along with Oneok and Plains All American. No worries until the tape gives us something to worry about. Dow down 25, nasdaq up 6 as of this post.

1 comment:

mike said...

I like having titles on your various blog postings. They are showing up in my RSS feed.