Bears Win Out in Weekly Poll
The bears trounced the bulls in this week's TheStreet.com RealMoney Barometer market poll.
Of those responding to the poll, 297, or 45.6%, said they were bearish heading into the week's trading; 188, or 28.8%, said they were bullish, and a like number -- 166 -- were straddling the fence. Reflecting this bearish sentiment, precious metals was tabbed as the sector mostly likely to rise in the coming week. For the sectors that could drop, homebuilding was cited as the most likely to do so. On Wall Street today, a new round of proposed private-equity buyouts and corporate mergers had stocks rallying. The Dow Jones Industrial Average was advancing 105 points, or 0.9%, to 12,215, and the S&P 500 was up 13 points, or 1%, at 1400. The Nasdaq Composite was ahead by 20 points, or 0.8%, at 2392. Stocks were propelled higher by a number of big deals that are either confirmed or believed to be in the works. The largest would combine Barclays and ABN Amro (ABN Quote), two European banking giants. Together, the unified firm would have a market cap of roughly $130 billion, if a merger is in fact announced in the coming days. ABN Amro was rising 9.8% at $39.78. Elsewhere, Blackstone Group and Carlyle Group could enter as a rival bidding group for TXU(TXU Quote), the utility which is already set to go private in the biggest LBO ever. Currently, Kohlberg Kravis Roberts and Texas Pacific are planning to buy TXU. Recently, TXU was higher by 1.6% at $63.72.| Date | Bullish | Bearish | Neutral | Week Ending S&P % Change |
Bullish Sector |
Bearish Sector |
| Mar. 19 | 188 (29%) | 297 (46%) | 166 (26%) | Precious Metals | Homebuilding | |
| Mar. 12 | 421 (38%) | 339 (31%) | 341 (31%) | - 1.1% | Investment Bankers and Brokers | Homebuilding |
| Mar. 5 | 694 (27%) | 1133 (43%) | 776 (30%) | + 1.1% | Precious Metals | Homebuilding |
| Feb. 26 | 577 (39%) | 451 (30%) | 463 (31%) | - 4.4% | Precious Metals | Homebuilding |
| Sector | Total Votes | Percentage |
| Aerospace and Defense | 21 | 3% |
| Airlines | 13 | 2% |
| Automobiles | 3 | 1% |
| Beverages and Food Products | 38 | 6% |
| Biotechnology | 26 | 4% |
| Commercial Banks | 35 | 5% |
| Computers and Peripherals | 11 | 2% |
| Consumer Nondurables | 27 | 4% |
| Energy Equipment & Services | 53 | 8% |
| HMOs and Hospitals | 10 | 2% |
| Homebuilding | 18 | 3% |
| Insurance | 2 | 0% |
| Integrated Oil | 55 | 8% |
| Internet, Software Services | 8 | 1% |
| Investment Bankers and Brokers | 54 | 8% |
| Media | 5 | 1% |
| Multiline Retail | 6 | 1% |
| Pharmaceuticals | 20 | 3% |
| Precious Metals | 121 | 19% |
| Semis, Semi Equipment | 24 | 4% |
| Telecom Equipment | 11 | 2% |
| Tobacco and Alcohol | 42 | 6% |
| Utilities | 34 | 5% |
| Wireless Communications | 13 | 2% |
| Source: RealMoney.com | ||
| Sector | Total Votes | Percentage |
| Aerospace and Defense | 4 | 1% |
| Airlines | 28 | 4% |
| Automobiles | 19 | 3% |
| Beverages and Food Products | 6 | 1% |
| Biotechnology | 8 | 1% |
| Commercial Banks | 78 | 12% |
| Computers and Peripherals | 15 | 2% |
| Consumer Nondurables | 14 | 2% |
| Energy Equipment & Services | 18 | 3% |
| HMOs and Hospitals | 3 | 1% |
| Homebuilding | 194 | 30% |
| Insurance | 8 | 1% |
| Integrated Oil | 35 | 5% |
| Internet, Software Services | 16 | 3% |
| Investment Bankers and Brokers | 44 | 7% |
| Media | 8 | 1% |
| Multiline Retail | 19 | 3% |
| Pharmaceuticals | 27 | 4% |
| Precious Metals | 30 | 5% |
| Semis, Semi Equipment | 32 | 5% |
| Telecom Equipment | 11 | 2% |
| Tobacco and Alcohol | 7 | 1% |
| Utilities | 15 | 2% |
| Wireless Communications | 8 | 1% |
| Source: RealMoney.com | ||
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