Bears Bare Teeth in Poll

The bears have returned with a vengeance to TheStreet.com RealMoney Barometer survey this week.

The bears took 2,715, or 51% of the 5,338 votes cast. The bulls got 1,690, or 32%, while neutral came in with 933, or 17%.

In the sectors, bearishly, precious metals was tapped as most likely to rise, while commerical banks once more was seen as most likely to fall.

Oil has been falling lately along with other commodities, a reflection of reduced demand, which does not help the stock market's cause. Light, sweet crude oil for August delivery was recently trading lower by $2.08 a barrel, to $64.65 on the New York Mercantile Exchange.

In four days of trading last week, the Dow Jones Industrial Average lost 1.8%, the S&P 500 gave up 2.4%, and the Nasdaq Composite dropped 2.3%.

On Monday around 12:40 p.m. EDT, the Dow was down 26 points to 8254, the Nasdaq was lower by 24 points to 1772, and the S&P was off 6 points to 891.

Below are the complete poll results.

Date Bullish Bearish Neutral Week Ending
S&P % Change
Bullish
Sector
Bearish
Sector
July 6 1,690
(32%)
2,715
(51%)
933
(17%)
Precious Metals Commercial Banks
June 22 2,182
(46%)
1,612
(34%)
955
(20%)
-2.4% Commercial Banks Commercial Banks
June 15 2,723
(40%)
2,764
(41%)
1,266
(19%)
-2.7% Integrated Oil Commercial Banks
June 8 1,376
(45%)
1,039
(34%)
640
(21%)
+0.7 Precious Metals Commercial Banks
May 26 1,146
(39%)
1,247
(42%)
566
(19%)
+2.3 Precious Metals Commercial Banks

Sector Total Votes Percentage
Aerospace and Defense 116 2%
Airlines 94 2%
Automobiles 139 3%
Beverages and Food Products 303 6%
Biotechnology 258 5%
Commercial Banks 659 12%
Computers and Peripherals 128 2%
Consumer Nondurables 131 2%
Energy Equipment & Services 317 6%
HMOs and Hospitals 119 2%
Homebuilding 105 2%
Insurance 69 1%
Integrated Oil 384 7%
Internet, Software Services 126 2%
Investment Bankers and Brokers 227 4%
Media 26 0%
Multiline Retail 30 1%
Pharmaceuticals 341 6%
Precious Metals 763 14%
Semis, Semi Equipment 110 2%
Telecom Equipment 94 2%
Tobacco and Alcohol 193 4%
Utilities 423 8%
Wireless Communications 167 3%
Total 5,322 100%

Sector Total Votes Percentage
Aerospace and Defense 115 2%
Airlines 362 7%
Automobiles 330 6%
Beverages and Food Products 43 1%
Biotechnology 57 1%
Commercial Banks 800 15%
Computers and Peripherals 89 2%
Consumer Nondurables 154 3%
Energy Equipment & Services 314 6%
HMOs and Hospitals 144 3%
Homebuilding 433 8%
Insurance 103 2%
Integrated Oil 622 12%
Internet, Software Services 58 1%
Investment Bankers and Brokers 346 7%
Media 95 2%
Multiline Retail 220 4%
Pharmaceuticals 154 3%
Precious Metals 335 6%
Semis, Semi Equipment 68 1%
Telecom Equipment 83 2%
Tobacco and Alcohol 169 3%
Utilities 139 3%
Wireless Communications 74 1%
Total 5,309 100%

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