Thursday, November 29, 2007

digesting gains

The market digested gains today with little change. Decliners were a little ahead of advancers on NYSE, but nothing dramatic. The head of the FED speaks tonight, maybe his speech will influence tomorrow's markets.

One interesting news item was an oil spill from a pipeline run by Enbridge, one of the master limited partnerships. The MLP index measuring the group fell back 2 to 295, it's flirting with the recent low. That news affected many in the group not to mention helping push oil prices up after the recent pullback.

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