The bulls got the boost they needed last week when the Fed cut the discount rate Friday. That helped the market rebound, and likely shifted the momentum to the bulls in TheStreet.com RealMoney Barometer.
The poll had been in the hands of the bears the past three weeks amid the subprime credit market blowup.
Of the 1,794 people who voted in the poll, the bulls got 777 votes, or 43%. The bears captured 469 votes, or 26%. Neutral came in with 548 votes, or 30%.
In the sectors, commercial banks was seen as most likely to rise this week. Homebuilding was seen as most likely to fall.
Other sectors that were expected to do well this week were investment banks and brokers, and precious metals.
The stock market was back to its typical volatility on Monday.
Dow Jones Industiral Average
closed at 13,121.35, up 42.27, after being down earlier in the day.
closed at 2508.59, up 3.6 points, while the
closed at 1445.55, 0.39 point lower.
Overseas markets were taking their lead from the strong session last time out in the U.S. Hong Kong's Hang Seng Index rose 5.9%, and Japan's Nikkei 225 surged 3% overnight. In Europe, London's FTSE was up 0.2% and Germany's Xetra Dax tacked on 0.4%.
Last week, the Dow fell 1.2%. The S&P 500 lost 0.6%, while the Nasdaq Composite shed 1.6%.
The Conference Board said its leading economic indicators rose 0.4% last month, slightly above estimates.
However, the index has increased only 0.1% over the last six months, indicating slower growth over the short term.
Light, sweet crude oil futures for September were down 12 cents to an even $71 a barrel on Monday.
Below are the complete poll results.
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