Wed, Jul 30, 2014, 5:51 AM EDT - U.S. Markets open in 3 hrs 39 mins

Recent

% | $
Click the to save as a favorite.

Enterprise Products Partners L.P. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • ch4_tycoon ch4_tycoon Oct 12, 2010 2:25 PM Flag

    take some profits

    a couple of other reason to continue to own EPD (and other mlp's) are illustrated by the just released minutes of the latest FOMC meeting.

    Number one is a continuation of ZIRP as illustrated by this:

    "...Nearly all members agreed that the statement should reiterate the expectation that economic conditions were likely to warrant exceptionally low levels of the federal funds rate for an extended period."

    And number 2 is the upcoming QE2 and the further erosion of the US dollar, which will drive up asset prices - especially those to do with commodities:

    "...Many participants noted that if economic growth remained too slow to make satisfactory progress toward reducing the unemployment rate or if inflation continued to come in below levels consistent with the FOMC's dual mandate, it would be appropriate to provide additional monetary policy accommodation. However, others thought that additional accommodation would be warranted only if the outlook worsened and the odds of deflation increased materially. Meeting participants discussed several possible approaches to providing additional accommodation but focused primarily on further purchases of longer-term Treasury securities and on possible steps to affect inflation expectations. "

    I, for one, think that EPD is NOT going down anytime soon by any large percentage. Sure, there could be a dip or two, but I don't see a large correction coming for a while. Too many things are working against a large pullback.

 
EPD
78.24-0.33(-0.42%)Jul 29 4:03 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.