Bulls Make Move in Poll

Coming off a strong week in the market, the majority of participants in TheStreet.com RealMoney Barometer see stocks rising this week.
Author:
Publish date:

The bulls could be heard thundering in TheStreet.com RealMoney Barometer survey this week.

Coming off a strong week for stocks, 58%, or 587 of the 1,007 people who took the poll see the market rising this week. The bears got 220 votes, or 22%, while neutral came in with 200 votes, roughly 20%.

In the sectors, commercial banks, which enjoyed a superlative week, were seen as most likely to rise, while the sales-strapped automobile sector was seen as most likely to decline.

The major averages rallied last week, with the

Dow Jones Industrial Average

rising 3.5%, the

S&P 500

up 5.2% and the

Nasdaq Composite

higher by 7.8%.

On Tuesday, the markets took a pounding as

Treasury Secretary Timothy Geithner detailed his plans

for how the second half of the $700 billion Troubled Asset Relief Program funds would be disbursed.

The Dow closed down 382 points, or 4.62%, to 7889 Tuesday. The Nasdaq was off 67 points, or 4.2%, to 1542. The S&P 500 fell 43 points to 827.16.

Below are the complete poll results.