EPD has traded poorly for awhile. Much of the performance of late seemed to reflect our Useless Congress and the possibility that they may or may not alter the tax benefits of owning units of MLPs. There were no headlines to back up this fear. Today there is a headline to that possible end and EPD has a great day.
It's simple. The country is on the verge of another, more severe recession, than the last one (that in my opinion never ended). And the government is sitting on their hands doing nothing about it. The feds stimulus policies are useless. The people have lost confidence. The president is stymied by a republican majority and China is building up its war machine which is obviously aimed at us. Why would you want to buy American stocks? IMHO
If you MLP investors are not checking the MLP message board at Investor Village at least a few times a week [I am not saying you need to 'join' and pay up - just be a guest and 'check in'] - then you are missing a lot. And a post on that board would answer your immediate questions as to why MLPs had a very good day in a down market yesterday. See http://www.investorvillage.com/smbd.asp?mb=5028&mn=17150&pt=msg&mid=9920109
I am just as puzzled; especially after the rebound of the MLP's on the news! If you hear anything that might explain it, please share it. I am very long on EPD and KMP and very happy with both. Good luck.
You might want to consider selling your KMP and buying KMI!
I really think this is why KMI was introduced. I see where several Kinder Morgan executives switched shortly after KMI became public!
I had this happen to me with PWE which was a Canadian Oil Trust. A couple of years ago the Canadian government eliminated the trusts as a means generating additional tax revenue-took a 30% "haircut" on the stock!