Reflecting the recent exuberance of the stock market, the bulls stormed to victory in the weekly TheStreet.com RealMoney Barometer survey.
Out of 2,117 votes cast, the bulls garnered 1,194, or 56%; bears took 351, or 17%, and neutral came in with 570 votes, or 27%. The last time the poll was bearish was Oct. 9.
In the sectors, multiline retail was picked as most likely to rise, reflective of the approach to the holiday shopping season. This Friday, the day after Thanksgiving, is "Black Friday" for retailers. Integrated oil was tapped as most likely to decline.
The latest round of dealmaking saw a number of multibillion-dollar acquisitions and merger bids, including a nearly $26 billion takeover of
The London Stock Exchange rejected a $5.1 billion offer from the
Nasdaq Stock Market
to buy the rest of the company.
The Nasdaq already owned 25% of the London market and has purchased 7 million more shares.
In flat trading Monday, the
Dow Jones Industrial Average
was recently up 5 points to 12,347.62. The
was up 2.7 points to 1403.87, and the
was up 8 points, to 2454.30.
Crude oil was trading down 48 cents to $58.50 a barrel.
Precious metals were stronger, with gold up $1.70 to $624.20 an ounce and silver adding 10 cents to $12.90 an ounce.
The benchmark 10-year Treasury note was down 1/32 in price to yield 4.61%, and the 30-year bond was unchanged in price, yielding 4.69%.
The stock market will be closed on Thursday for Thanksgiving, and will close at 1 p.m. EST on Friday.
The complete poll results are below.
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