That's a wrap for a pretty good start to February. We're much overbought and could use even a small correction.

The employment data seems made-up to me. But what I think doesn't count. If Main Street accepts the report as real then confidence will build even if it's based on phony data.

Let's see what happens.

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Dave Fry is founder and publisher of ETF Digest, Dave's Daily blog and the best-selling book author of Create Your Own ETF Hedge Fund, A DIY Strategy for Private Wealth Management, published by Wiley Finance in 2008. A detailed bio is here: Dave Fry.

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