Juggling Dynamite

Some valuable insight from Jim Bianco of Bianco Research in response to bullish taunts that the stock rally over the past couple of months has been widely hated and missed by most investors.

“We completely disagree with this article [asserting the recent stock rally has been shunned by investors]. The objective measures shown below like the Investor Intelligence survey (first chart below), the VIX (second chart below) and the Commitment of Traders report (third chart) show nothing even close to what the article contends. If anything, this rally is getting overbought because of too much optimism.”

Click here for the full series of charts and commentary.

David Stockman, former Reagan OMB director, explains why he thinks the Romney-Ryan budget plan is a fantasy and shares his thoughts on the best way to restore the economy and create jobs. Here is a direct link.

I will be a guest on Money Talks radio today on the Corus radio network with Victor Adair who is standing in for the vacationing Michael Campbell. You can listen live on the air or here on the net at 12:00 ET (9:00 PT), and here in the archives after the show at September 8 and 9:00am. Once at 9:00 am, if you click on the play bar you can advance the clip to the start of the interview at 6:05.