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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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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