rlp - if the market totally tanks then you will be corect. Is that what you are suggesting? The only news from ETP for almost the next 3 months will be press releases of projects going into service. That should not cause it to move downward. You could also have a tax issue come up or a severe spike in interest rates, but that would destroy all MLPs. Don't know where you live but will but a Costco polish dog lunch you are wrong! Even if the makret destructs, ETP has a yield to protect the downside.
PLEASE share your reasoning.
You now also have brokers at 5 of the major brokerage houses that before now were not allowed to solicit orders for ETP (brokers are not allowed to solicit if their firm has a sell rating). This means MS, WF, Citi, CS, RBC all raised their ratings from a sell.
The Nov 7 drop is Obama Fiscal cliff. I was prepared but was still shuck up. Other than a super MLP at a bargain price i will stay away from Common stock until a deal is in the works. Obama is talking tough not sure if he will bargain. Obama does not have to run for election again and he has two big pensions and family in Kenya. Does he care ?