Bulls Make It 10 Straight in Poll

 

The bulls won their 10th straight TheStreet.com RealMoney Barometer poll this week.

Bulls got 61% of the 664 votes cast. The bears got only 17%, while neutral came in at 22%.

In the sectors, integrated oil was tapped as most likely to rise. Homebuilding was seen as most likely to fall.

Stocks were mixed on Monday. The Dow Jones Industrial Average was up 9 points. The Nasdaq was down 12 points and the S&P 500 was down 2 points.

Despite the pullback, buyouts remained the story of the day.

One of the biggest involves casino operator Harrah's(HET Quote), which appears ready to take an offer worth nearly $17 billion. At the same time, Caremark(CMX Quote), which has a deal to merge with CVS(CVS Quote), is facing a $26 billion competing proposal from Express Scripts(ESRX Quote).

Meanwhile, Statoil(STO Quote) and Norsk Hydro(NHY Quote) were gearing up to combine the Norwegian companies' oil and gas operations. Statoil was off 1.4%, while Norsk Hydro was surging nearly 20%.

Last week the Dow added 138 points, or 1.1%, its second straight weekly gain. The S&P 500 was higher by 17 points, or 1.2%, and the Nasdaq collected 20 points, or 0.8%, over the five sessions.

Energy futures were generally lower Monday, as crude oil slipped 56 cents to $62.87 a barrel in Nymex floor trading. Precious metals prices eased, including a $1.10 downtick for gold to $618 an ounce.

Treasuries edged ahead. The 10-year note was adding 1/32 in price to yield 4.59%, and the 30-year bond was up 2/32 and yielding 4.71%.

Earlier, the Commerce Department reported that the third-quarter current account deficit came in at $225.6 billion, up from $217.1 billion in the second quarter.

Below are the complete poll results.

Date Bullish Bearish Neutral Week Ending
S&P % Change
Bullish
Sector
Bearish Sector
Dec. 18 405 (61%) 114 (17%) 145 (22%) Integrated Oil Homebuilding
Dec. 12 874 (54%) 307 (19%) 438 (27%) + 1.2% Investment Bankers and Brokers Homebuilding
Dec. 4 1101 (42%) 815 (31%) 717 (27%) + 0.9% Precious Metals Automobiles
Nov. 27 408 (45%) 253 (28%) 235 (26%) -0.3% Precious Metals Homebuilding

Sector Total Votes Percentage
Aerospace and Defense162%
Airlines213%
Automobiles61%
Beverages and Food Products91%
Biotechnology183%
Commercial Banks477%
Computers and Peripherals233%
Consumer Nondurables132%
Energy Equipment & Services639%
HMOs and Hospitals51%
Homebuilding365%
Insurance91%
Integrated Oil8312%
Internet, Software Services426%
Investment Bankers and Brokers568%
Media81%
Multiline Retail426%
Pharmaceuticals193%
Precious Metals396%
Semis, Semi Equipment376%
Telecom Equipment233%
Tobacco and Alcohol132%
Utilities233%
Wireless Communications91%
Source: RealMoney.com

Sector Total Votes Percentage
Aerospace and Defense122%
Airlines325%
Automobiles599%
Beverages and Food Products122%
Biotechnology132%
Commercial Banks122%
Computers and Peripherals81%
Consumer Nondurables71%
Energy Equipment & Services223%
HMOs and Hospitals162%
Homebuilding10015%
Insurance41%
Integrated Oil609%
Internet, Software Services41%
Investment Bankers and Brokers193%
Media152%
Multiline Retail305%
Pharmaceuticals416%
Precious Metals9614%
Semis, Semi Equipment467%
Telecom Equipment102%
Tobacco and Alcohol102%
Utilities193%
Wireless Communications122%
Source: RealMoney.com
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David Morrow is editor-in-chief of TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, though he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. He appreciates your feedback; click here to send him an email.

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