Bears Make It Two in Row in Poll
The bears are making a little run in TheStreet.com RealMoney Barometer poll.
They made it two weeks in a row by getting 504 votes, or 43% of the 1,174 cast. The bulls got 389 votes, or 33%, while neutral came in with 281 votes, or 24%.
In the sectors, precious metals was picked as most likely to rise, with investment banks and brokers seen as most likely to fall.
Another sector expected to rise this week was integrated oil.
Other sectors expected to fall were homebuilding and commercial banks.
The big investment banks will start reporting earnings this week, with
Lehman Brothers
(LEH)
scheduled for Tuesday morning.
Morgan Stanley
(MS) - Get Report
,
Bear Stearns
(BSC)
and
Goldman Sachs
(GS) - Get Report
are due to follow this week.
Light, sweet crude oil futures for September on the Nymex were trading $1.05 higher to $80.15 a barrel.
On Monday, the
Dow Jones Industrial Average
was at 13,398.79 recently, lower by 43.73, or 0.33%. The
Nasdaq Composite
was at 2581.32, down 20.86 points, or 0.80%. The
S&P 500
was at 1476.23, down 8.02 points, or 0.54%.
Below are the complete poll results.
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;
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