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Tuesday, March 06, 2012

The dow is down nearly 200 points and the mlp index is down over 6 and threatening to break under 400. Its a long overdue sell off market wide and everything pretty much is lower. Nasdaq is holding above 2900 for now. Plains All American (PAA) is down a little less than 3 due to a stock offering but it is the biggest loser on the index. And there are a slew of 1 point plus losers among the leaders.

The Vix is back over 20 so some fear is returning to the market place although we are no where near the vix highs of 48 last September.

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