But just as important, bullish investors have been focusing on the health of the consumer.

"There are always more bullish investors than bearish," he declared.

Some money managers said the offering could run into resistance from bullish investors.

Normally, the report should have encouraged bullish investors to commit more cash to the bond market.

But, for several reasons, bullish investors say it is.

The premium also reflects how bullish investors are about gold prices.

So bullish investors, yawning at the budget deficit, are buying.

Although some bullish investors say the jobs report will show only moderate growth, they are still somewhat nervous.

Do the bullish investors know something that the economists do not?

The evidence would seem to be stacked against bullish investors.