There’s a sucker born every minute

P.T. Barnum has been credited with saying there’s a sucker born every minute.  As I watch the early trading today I have to agree with him.  So the ADP job figures were better than expected.  So what?  Oil is in decline which is a good thing, but the drop in crude is still not impacting gas prices in any meaningful way.  The central issue is that the housing market is still a disaster, and unless there is some good news on this front this rally is just for suckers.

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