NEW YORK ( TheStreet) -- Despite recent Hindenburg Omen occurrences stoking fears about an impending stock market crash, readers of TheStreet still believe that putting their money in stocks is better than putting it in bonds.
The Hindenburg Omen is a technical indicator of a looming stock market crash. It's believed that two Hindenburg Omen occurrences within a 30-day period can trigger this type of disaster in the stock market.
In our poll, 72.4% of users indicated that they currently find stocks more attractive than bonds. At the same time, 27.6% of those surveyed are more attracted to bonds than stocks.
According to investment experts that TheStreet spoke with, consumer stocks are likely to fare better in the event of a major market pullback. Hennessy Funds' Frank Ingarra also suggested diversifying into Verizon (VZ) and other Dow stocks.In light of this, we also asked readers which consumer stocks they would invest in, in the event of a stock market crash. The stock garnering the largest portion of votes was Altria (MO) at 20.7%. McDonald's (MCD) followed with 18.8% of the votes. Stifel Nicolaus analyst Christopher Growe recently told clients in an investor note that the average yield spread for Altria compared with the 10-year treasury stands at positive 1.1% over the last 24 years. Meanwhile, 17.6% of the votes went to P&G (PG), evenly split with J&J (JNJ); 15.2% went to General Mills (GIS) and 10.2% went to Verizon. Last Friday, citing Sentimentrader.com, RealMoney.com contributor and CEO of Shark Asset Management Rev Shark noted in his column that we had a second Hindenburg Omen trigger Aug. 19. "Some technicians regard this as confirmation of the first reading and therefore a much more dire situation ... it isn't just a sensationalistic name," Shark wrote. "There has tended to be a pattern of weakness when the Omen is triggered." -- Reported by Andrea Tse in New York.
Stockpickr.com. Follow TheStreet.com on Twitter and become a fan on Facebook. Follow Andrea Tse on Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV