Stocks begin 2008 lower

2008 starts with declining markets. Dow was down 128 while NAZ slipped 24 continuing overseas market declines. The manufacturing index fell 3 points in Nov, increasing worries about a looming recession. Decliners were ahead of advancers by 40%, all things considered not so bad. The usual suspects sold off: banking, housing, REIT's, etc. However MLPs moved up, maybe boring pipelines may look sexy as oil nears $100 on fears about supply problems from Nigeria.