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MLPs After Their Worst Year

Sep 09, 2009 - 3:13 AM EDT

Avi Morris submits:

One year ago I began writing for Seeking Alpha; my first article was an introduction to MLPS. They had come through a very difficult period, as was the case for the stock market. The Alerian MLP Index declined from its peak of 342 in July 2007. First it slipped into the low 300s and then fell to the high 200s, a little better performance than the Dow.

Following my article was "Terrible September", the worst month for the stock market, which included the Lehman collapse. Markets (including MLPs) fell off a cliff. In just one month, the index fell from 270 to 226, a 4 year low at that point. The stock market kept falling. The index plunged below 160 at its lows.

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Source: Seeking Alpha (Sep 09, 2009 - 3:13 AM EDT)