Thursday Morning Thoughts 8/23/2007

CNBC was doing a lot of talking about on the study on Seniors having sex and they are not using Viagra yet. I know who is using Viagra too much. It is the market. Go look at the daily charts of the major indexes. We have been flying off the bottom like using too much...... You get the picture. And anything that uses too much of that stuff - well it hurts. I am hoping the market ripes a couple more days and gets in the 13500-13700 range on the Dow. At that point, I will unload some of my dogs who have not bounced and go long the Dow short fund SDS as a hedge in September. I was too greedy to do it this summer and now I am paying for it.