Today in the market, Friday August 1, 2008:   The markets closed with a modest decline as poor jobs data points out the weakening economy.  The S&P500 was off -0.56% and the Nasdaq fell -0.63% ending a volatile week.  Let's hope that next week isn't another doldrums experience.  RSI’s Themes:   RSI picked two high yielding income CEFs and for stocks there were just three companies, but two are foreign based.  It looks to me that RSI is going conservative. ETF/CEF Low Volatility: AWF - Alliance Wrld Dlr Govt II ETF/CEF Medium Volatility: PHK - PIMCO High Income Fund Stocks Medium Volatility: KOF - Coca Cola Femsa, SAB Stocks High Volatility: SOHU - Sohu.com, Inc. STEC - STEC, Inc. Stock Picks New to RSI: STEC, Inc. designs, develops, manufactures, and markets custom memory solutions based on flash memory and dynamic random access memory (DRAM) technologies in the United States and internationally. ETF/CEF Catch a Falling Knife (CFK): EFR    Eaton Vance Senior Floating Rate Trust EVV    Eaton Vance Limited Duration Income Fund HIO    Western Asset High Income Opportunity Fund Inc. IGV    Software iShares S&P/GSTI Index Fund PFN    Pimco Floating Rate Strategic Fund VVR    Van Kampen Senior Income That's all folks....have a good weekend and stay cool.